Ahold Q3 net profit dips

Amsterdam -- Royal Ahold NV reported Thursday that its third-quarter profit fell 4.4% to $315 million. The Dutch owner of the Stop & Shop and Giant supermarkets in the United States cited higher taxes for the performance decline.

Sales rose 11% to $9.12 billion.

U.S. same-store sales rose 1%. In the Netherlands, where Ahold operates the dominant Albert Heijn chain, same-store sales rose 4.5%.

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