Ahold sees profit rise 6%
AMSTERDAM — Dutch retailer Koninklijke Ahold N.V. reported Tuesday that profit for the first quarter increased 6% to $423.84 million, citing a 6% sales rise and lowered operating costs for the improved performance.
Ahold generates more than half its sales in the United States through its Stop & Shop, Giant Carlisle and Giant Landover banners. In the Netherlands, it operates under the Albert Heijn banner.
The company didn't give any guidance or detail on its growth strategy.