Ahold income climbs on strength in U.S.

by Eric Schroeder
Share This:

AMSTERDAM, THE NETHERLANDS —Royal Ahold n.v., the owner of Stop & Shop stores in the United States, posted net income of €202 million ($257 million) in the second quarter, up 3% from €196 million in the same period a year ago.

Operating income for the total group rose 18% to €347 million ($442 million), up from €295 million. Total group sales climbed 11% to €7,126 million ($9,082 million) from €6,430 million.

EBITDA within Ahold USA rose 17% to €345 million ($440 million), up from €295 million on a 16% gain in sales to €4,418 million ($5,636 million). Operating income at Ahold USA was €217 million ($277 million), up 20%. Last year’s operating income included impairments of $7 million.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.