CHICAGO -- Peapod here said sales were up 33% in its fiscal second quarter, but expenses related to its purchase by Ahold accelerated the Internet grocer's losses. Peapod saw sales rise to $22.7 million, up from $17.1 million a year ago, for the quarter ended June 30. Peapod attributed the increase to a 43% gain in its number of orders. Its losses widened to $10.4 million from $4.9 million. Peapod's results illustrated its ongoing adjustment to new majority owner Ahold, the Dutch grocer ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.