AMSTERDAM — The continuing recovery at Stop & Shop and Giant-Landover highlighted a strong first-quarter performance at Ahold, although a charge for lease guarantees at former chains Bi-Lo and Bruno's sank net earnings, the retailer here said last week. Net income in the first quarter, which ended April 19, was down 25% to about $271.6 million, mainly as the result of a one-time charge of $91 million to cover lease obligations at Bi-Lo and Bruno's, the former Ahold chains now in ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.