Ahold USA results rise in Q2

by Eric Schroeder
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AMSTERDAM, THE NETHERLANDS — Royal Ahold n.v., the owner of Stop & Shop stores in the United States, posted net income of €195 million ($277 million) in the second quarter ended July 12, down 42% from €338 million in the same period a year ago. Last year’s results included a €162 million gain related to the divestment of Schuitema. Operating income for the total group, meanwhile, rose 26% to €295 million ($419 million) from €235 million. Total group sales climbed to €6,430 million ($9,145 million) in the second quarter, up 12% from €5,769 million. EBITDA within Ahold USA rose 40% to €295 million ($419 million) on a 16% gain in sales to €3,808 million ($5,415 million). Operating income at Ahold USA was €181 million ($257 million), up 60%.

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