(amending item filed 0826 GMT yesterday to clarify comment on FS margin target)
AMSTERDAM (AFX) - Royal Ahold NV reported second-quarter sales just short of market forecasts, as the company said its US Foodservice business continues to 'make solid progress' towards meeting its full-year 2006 operating margin target.
Group net sales came in at 10.483 bln eur from 10.447 bln the year before, below analyst forecasts of 10.5-10.65 bln eur.
Net sales at US Foodservice rose to 4.418 bln usd from 4.319 bln in the same period last year, short of market expectations. mike.croall@afxnews.com mc/jfr/mc/ra/jms COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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