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Ahold records 7.5% rise in Q4 sales
Amsterdam -- Ahold reported Friday that sales for the fourth quarter rose 7.5% to $10.4 billion, boosted largely by its ability to keep U.S. stores open during Hurricane Sandy, said the company. Same-store sales advanced 2.8%.
Its U.S. business includes the Stop & Shop, Giant-Landover and Giant-Carlisle supermarket banners and the Peapod online grocery service. Ahold posted fourth quarter sales of $6.1 billion in the U.S., marking a 4.3% rise over the year-ago period.
For the full fiscal year, sales increased 8.5% to $43.6 billion. -
Smucker, Wegman and Morgenthal join grocery elite
The Grocery Manufacturers Association inducted J. M. Smucker Company chairman Tim Smucker and Wegmans CEO Danny Wegman into its Hall of Achievement and presented Harris Teeter president and COO Fred Morganthall the award for Industry Collaboration Leadership.