Friday, January 18, 2013

Performance during hurricane boosts Ahold sales

Giant Food parent Ahold reported last week that their 4.3% fourth quarter sales growth was helped by their ability to keep stores open during Hurricane Sandy. Sales in the U.S. for the full year were up 3.1% to $25.8 billion, with comparable sales up 1.9%.

Ahold also said that the 15 Genuardi's stores it acquired from Safeway performed in line with fourth quarter expectations.

Ahold operates Giant-Landover, Giant-Carlisle, Stop & Shop and Peapod online grocery service.

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