Ahold holds steady on growth targets for 2006

06/15/2005 | Wall Street Journal, The

Despite reporting a first-quarter net profit decline of 55%, Dutch grocer Ahold remains confident it can reach its full-year growth targets for 2006, which include a 5% net sales growth and a 5% operating margin in its food-retail business. "The bulk of Ahold's operations are in the midst of a restructuring, making it likely that 2005 will be another transition year," one analyst points out.

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