Sandy Boosts Ahold Results
Tuesday January 22nd, 2013 - 10:24AM
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
Amsterdam-based supermarket operator Ahold has announced consolidated net sales of €7.8 billion, or about $10.4 billion, for the fourth quarter of 2012, an increase of 7.5% compared to the fourth quarter of 2011, or up 5.1% at constant exchange rates. The company’s banners in the United States, including Stop & Shop, Giant Landover, Giant Carlisle and Martin’s, as well as the Peapod Internet grocery delivery service, posted net sales of $6.1 billion in the fourth quarter, an increase of 4.3% versus the 2011 period.
Identical store sales increased 2.4%, or 1.4% excluding gasoline revenues.
For the full year, net sales were $25.8 billion, up 3.1% over 2011. Identical store sales increased 1.4%, or 0.5% excluding gasoline revenues.
The company said its U.S. performance was partly driven by Hurricane Sandy. Company stores remained open to serve customers during the storm period, to the credit of its employees, Ahold stated. The boost from Sandy-related sales, the company noted, was partly offset by a negative calendar impact due to the timing of the year’s end. Ahold U.S. gained market share in all divisions, the company added. The 15 Genuardi’s stores it acquired in 2012 performed in line with expectations, Ahold said.
Late last year, Ahold’s Giant Carlisle division announced that it had entered into an agreement with Genuardi's Family Markets, a subsidiary of Safeway Inc., to acquire 16 Genuardi's stores in Greater Philadelphia for $106 million.
Tags: Housewares Cookware & Bakeware Vacuum Cleaners/Electric Cleaning Health & Personal Care Home Décor Home Environment Small Electrics Organization & Cleaning Tabletop Gadgets & Kitchen Tools Retail Financials
Dissecting what Ron Johnson got wrong during his brief, calamitous term at the helm of J.C. Penney is sure to be the focal point of retail strategy and tactics lessons for years to come. But Penney’s future could still hinge to some extent on what he got right.