O
12.6%
12.4%
Performance by segment
Giant-Carlisle
Region
Net sales
Operating income
"David Javitch founded
Giant on 'the best product
at the fairest price.'
Eighty-five years later,
Giant continues to offer
value and serve as a
trusted member of the
community."
Sales
Retail operating income
Operating and financial review
AHOLD ANNUAL REPORT 2008 19
Company name
Giant Food Stores, LLC
Established
1923
Joined Ahold
1981
United States, the states of Pennsylvania, Virginia, Maryland
and West Virginia
Store formats
Supermarkets and superstores
Private labels
Include: Giant, Nature's Promise, Simply Enjoy, CareOne,
Guaranteed Value
Giant-Carlisle is one of the leading supermarket brands in the mid-Atlantic United
States. We operate nearly 150 stores in four states and employ approximately
27,000 people. Twenty-five stores operate under the name Martin's Food Markets.
In 2008, Sander van der Laan joined Giant-Carlisle from Albert Heijn as its new
President and CEO. He is known for his strengths in building innovative formats
and developing private labels.
The following table contains operational information including net sales and
operating income information for Giant-Carlisle in 2008 and 2007:
2008
2007
Net sales in EUR (millions)
Net sales in USD (millions)
3,238
4,738
3,145
4,307
Change in identical sales (excluding gasoline sales): Giant-Carlisle
4.7%
3.2%
Change in comparable sales (excluding gasoline sales): Giant-Carlisle
5.4%
4.6%
Operating income in EUR (millions)
Operating income in USD (millions)
Operating income as a percentage of net sales
Underlying operating income as a percentage of net sales
160
233
4.9%
5.1%
156
213
4.9%
5.0%
Number of employees at year end (Headcount)
Number of employees at year end (FTE)
26,890
17,087
23,594
15,553
Sales area (in thousands of square meters)
561
531
In 2008, net sales increased 10 percent to USD 4.7 billion. Excluding gasoline,
identical sales increased 4.7 percent in 2008, compared to 3.2 percent in 2007.
Giant-Carlisle continues to grow in a competitive market by offering quality
products and services and running effective promotional activities.
In 2008, operating income increased USD 20 million or 9.4 percent to
USD 233 million. The improvement was driven by strong sales growth, cost
efficiencies and cost savings initiatives. The results were impacted by
USD 11 million of restructuring and related charges, as discussed in Results
from operations.
December 28,
December 30,
2008
2007
Number
Number
Store portfolio development
Giant
123
120
Martin's
25
25
Giant-Carlisle
148
145
Food Stores
Sander van der Laan
President and CEO
Giant-Carlisle
share in total
Ahold sales
Ahold (total group) €25,722m
Giant-Carlisle €3,238m
share in total Ahold
retail operating income
Ahold (total group) €1,294m
Giant-Carlisle €160m
Highlights: Giant-Carlisle
Continued strong track record
of continuous growth and increased
market share;
In July 2008, Sander van der Laan
was appointed President and CEO;
Celebrated 85th anniversary;
Expanded private label assortment,
particularly in its value-driven
Guaranteed Value brand.
www.ahold.com/reports2008
