Retail

Ahold beats expectations on better sales, rising margin

Share
VIDEO2:4202:42
Ahold profit margin increases to 3.8 percent

Ahold, the operator of supermarkets in the United States and Netherlands, reported on Wednesday first-quarter earnings that beat analyst expectations, with underlying operating profits of 449 million euros ($499 million).

Analysts polled for Reuters had forecast underlying operating income of 430 million euros, up 10 percent from 390 million in the first quarter of 2015.

VIDEO3:0603:06
Ahold continuing positive earnings momentum: Rabobank

Sales rose 3.5 percent at constant exchange rates to 11.8 billion euros with an underlying profit margin of 3.8 percent, up from 3.5 percent in the same period a year earlier.