Online sales push up profit at Dutch-based retailer Ahold

AP News
Posted: Jun 01, 2016 4:43 AM

THE HAGUE, Netherlands (AP) — Royal Ahold NV, the Dutch operator of U.S. supermarket chains Stop & Shop and Giant, says its first quarter net profit rose 13 percent to 241 million euros ($269 million), helped by strong growth in online sales in the United States and the Netherlands.

Sales for the global group rose 4.3 percent to 11.8 billion euros ($13 billion) compared with the first three months of 2015.

Ahold says that in the U.S., online grocery store Peapod recorded "double-digit" sales growth as it continued to expand in New York City. Meanwhile, sales at Dutch online retailers and soared 30 percent.

CEO Dick Boer said Wednesday that Ahold expects to complete its planned merger with Belgian retailer Delhaize midway through the year.