date:Aug 22, 2014
Ahold, the Dutch owner of US Stop Shop stores, reported second-quarter earnings that missed estimates as accelerated store openings by rivals contributed to a loss of market share in the US.
Underlying operating income fell 13 per cent to 288 million at constant exchange rates, Ahold said today. The median estimate of 11 analysts surveyed by Bloomberg was 291 million. Operating income in the US dropped 14 per cent, while identical sales, excluding gasoline, fell 1.8 per cent, more than predict