Friday, August 3, 2007

Ahold Q2 sales up, U.S. stores beat forecasts

(Reuters) - AMSTERDAM, Aug 3 - Dutch supermarket group Ahold NV said on Friday second-quarter sales rose 2 percent, thanks to favourable conditions in its main markets, but a revamp of U.S. stores would continue to hurt margins.



Net sales increased to 6.6 billion euros from 6.47 billion a year ago, matching an average forecast of 6.6 billion euros from 13 analysts polled by Reuters. Adjusted for currency effects, sales rose 5.6 percent.


Read more at Reuters.com Market News

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