In U.S., Ahold 4Q sales down 2.1%

ZAANDAM, The Netherlands — Ahold on Thursday announced consolidated net sales of €7.5 billion (U.S. $10.2 billion) for fourth quarter 2013, a decrease of 1.1% at constant exchange rates compared to fourth quarter 2012. 

 For the full year 2013, consolidated net sales were $44.3 billion, an increase of 2% at constant exchange rates compared to 2012. 

In the United States sales in the fourth quarter were down 2.1%, reflecting a contracting food market and the sales effect of Hurricane Sandy last year, the international grocer stated. 

"We continue to build our online business and opened another 31 pick-up points, bringing the total to 120 in the United States," Ahold stated. "Market share for the year was ahead of 2012 though down slightly in the fourth quarter due to the strong comparative period last year as a result of Hurricane Sandy. Supported by the ongoing progress on our cost reduction program, we expect underlying operating margin to be broadly in line with the performance during the year."

 

 

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