News

Ahold reports U.S. sales growth

BY DSN STAFF

AMSTERDAM, Netherlands Ahold reported that first quarter sales at Stop & Shop/Giant-Landover were $5.1 billion, up 1.3 percent compared with the same period last year. Identical sales were up 1.2 percent at Stop & Shop (0.2 percent excluding gasoline net sales) and down 1.5 percent at Giant-Landover (1.6 percent excluding gasoline net sales), impacted by lower pharmacy sales.

For the first quarter, net sales at Giant-Carlisle were up 9.2 percent to $1.4 billion compared with the same period last year. Identical sales were up 5.7 percent (3.7 percent excluding gasoline net sales).

Ahold ceo John Rishton said, “In the United States, the roll-out of our Value Improvement Program at Stop & Shop/Giant-Landover remains on track. The price investments related to the roll-out continue to impact margins and sales, with improvements expected later in the year. Giant-Carlisle reported solid sales and margin growth and continues to gain share in a very competitive market. We continue to respond to the turbulent economic environment and its impact on consumer and competitor behavior. We are confident that the actions we are taking to bring value to our customers are the right ones.“ 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

Rite Aid reports increased monthly same-store sales

BY Alaric DeArment

CAMP HILL, Pa. Rite Aid experienced same-store sales increases last month, the chain announced Thursday.

For the five-week period ended May 31, Rite Aid posted an increase of 1.3 percent compared with the year-ago period. Total drug store sales during that period totaled $2.5 billion, a 47.9 percent increase over last year’s $1.7 billion.

Sales during the 13-week quarter ending May 31 increased by 1.5 percent, while pharmacy same-store sales increased by 1.4 percent, and front-end same-store sales increased by 1.7 percent. Total drug store sales for the quarter were $6.6 billion, a 48.5 percent increase.

Sales figures did not include those from Brooks-Eckerd stores. Rite Aid acquired the Brooks-Eckerd chain in June of last year and will not factor it into same-store sales until it releases figures for this month.

Rite Aid operates 5,004 stores in 31 states and the District of Columbia, making it one of the country’s largest drug store chains.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

Longs posts increase in year-on-year sales

BY Drew Buono

WALNUT CREEK, Calif. Longs Drugs has released its reported preliminary total retail drug store sales for the four-week and seventeen-week periods ended May 29, 2008.

The company reported preliminary sales of $374 million for the four-week period, up 0.2 percent from the year-ago period. For the 17-week period, total sales reached $1.6 billion, up 2.3 percent from a year ago.

Longs estimated that preliminary May pharmacy same-store sales fell by 2.6 percent in May, as a result of recent generic introductions being substituted for higher-priced brand name drugs. In addition, a reduction in cold, flu, and allergy prescriptions, primarily due to the impact of the switch of the prescription allergy medicine Zyrtec to over-the-counter status furthered the decrease.

The company also estimated that preliminary May same-store sales, which include non-pharmacy items, fell 1.4 percent in the four weeks ended May 29.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES