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Ahold Sales Edge Up as Expected

Dutch supermarket group Ahold said on Friday third-quarter sales rose 1.1 percent and it said an ongoing revamp of its stores in the United States would continue to hurt margins.

Ahold, the world's seventh-biggest retailer by sales, had 6.3 billion euros ($9.01 billion) in sales, up from 6.2 billion in the year-ago perioid and in line with an average forecast of 6.3 billion euros in a Reuters poll of 10 analysts.

At constant exchange rates, revenues were up 5.6 percent.