AMSTERDAM — Ahold’s U.S. banners posted a combined 6.4% sales gain in the third quarter, with comparable-store and identical-store sales gains at all U.S. divisions, the retailer here said in a trading statement Friday. Stop & Shop posted identical-store sales increases of 4.6% (3.8% excluding gasoline), while Giant-Landover’s ID sales improved by 0.7% (0.6% excluding fuel). Giant-Carlisle posted 8% ID sale gains (5.4% excluding gasoline).
Overall, Stop & Shop/Giant-Landover posted $3.9 billion in sales for the quarter, an increase of 4.4%, while Giant-Carlisle sales increased 11.8% to $1.1 billion. Analysts had anticipated weaker sales growth at Stop & Shop and a comp-store sales decrease at Giant-Landover, according to reports.
“In this turbulent economic environment, our continued focus on bringing value to our customers led to a solid performance,” Ahold said in a statement. Ahold overall posted sales of about $7.3 billion for the quarter, an increase of 3.9% compared with the same period a year ago.
Read More of Today's Headlines