-
Ahold Q3 net profit dips
Amsterdam -- Royal Ahold NV reported Thursday that its third-quarter profit fell 4.4% to $315 million. The Dutch owner of the Stop & Shop and Giant supermarkets in the United States cited higher taxes for the performance decline.
Sales rose 11% to $9.12 billion.
U.S. same-store sales rose 1%. In the Netherlands, where Ahold operates the dominant Albert Heijn chain, same-store sales rose 4.5%.
-
Delhaize stake lifted by AllianceBernstein past 5%
Brussels, Belgium -- Delhaize Group announced on Monday that AllianceBernstein LP lifted its voting stake in the food retailer to 5.04%.
The New York asset manager, a member of France's AXA group, now holds 5.11 million Delhaize shares, compared with 3.73 million as of Oct. 5, Delhaize reported.