Dutch supermarket chain Ahold posted a first-quarter operating profit below analyst expectations, as margins fell in the United States and the Netherlands, the group's main markets.
Operating income, adjusted for one-off factors, fell 6.2 percent in the first quarter to 392 million euros ($533.69 million), just below the 399 million expected in a Reuters poll.
Ahold, which makes about 60 percent of its revenue in the United States where it operates the Giant and Stop&Shop supermarkets, said U.S. like-for-like sales rose 0.1 percent excluding fuel, after rising 0.3 percent in 2013.
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