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.