ZAANDAM, The Netherlands -- Ahold here said last week the sales of its American subsidiary, Ahold USA, Atlanta, rose 32.7% to $4.6 billion in the 12-week third quarter ended Oct. 3.
Ahold also said operating results in the U.S. rose 57% to $288.9 million. Ahold said all of its U.S. operating companies turned in improved results, reflecting successful marketing campaigns, synergy benefits and strict cost control. The company added Giant Landover made particularly strong contributions to its improved operating results.
In the first 40 weeks of fiscal 1999, U.S. sales rose 34.9% to $15.4 billion, and operating results grew 49.2% to $734.5 million.
Corporate-wide, Ahold said net sales rose 36.7% to $8 billion and net earnings increased 43.4% to $171.3 million for the third quarter, and net sales rose 32.3% to $25.7 billion and net income increased 38.2% to $528.5 million for the first 40 weeks of fiscal 1999.