Ahold Posts €7.5 Billion in Sales in Q3 2014 Financial Report
ZAANDAM, THE NETHERLANDS - Ahold released its Q3 2014 financial report on, Thursday, November 14th, reporting a 1.9% increase in overall sales to €7.5 billion and a 7.9% increase in net income to €178 million.
Jeff Carr, Ahold's CFO, shared his insights into this company's performance in a video for investors. You can check out his perspective for yourself below:
Some highlights from Ahold's United States operations include:
- A 1.6% increase (0.4% given constant exchange rates) in net sales to €4,501 million, compared to Q3 2013.
- A 1.2% increase in identical store sales, excluding gasoline.
- A 1.3% increase in comparable store sales, excluding gasoline.
- A 3.8% increase in underlying operating margin.
- A 16.929% increase in EBITDA to €297 million from €254 million.
“This quarter we reported improved sales trends in the United States and the Netherlands while our margin was stable versus the prior quarter, excluding the impact of the SPAR acquisition,” CEO Dick Boer shared in a press release. “In the United States, the rollout of our program to improve quality, service and value for our customers is progressing well. By the end of this quarter, the program was active in over half of our stores.”
"We expect that ongoing investments in our customer proposition and further development of our formats and assortment will continue to result in improving sales trends," he continued.
Congratulations on an excellent Q3, Ahold!
