USF organic foodservice sales up 10.8 percent, slowing to 7.0 percent after Sept. 11

Royal Ahold, Vaandam, The Netherlands, has reported U.S. foodservice sales growth of 103.8 percent, to $12.1 billion for the year. This includes a full year of sales for Columbia, MD-based U.S. Foodservice (USF) and acquisitions of PYA/Monarch, Greenville, SC, Mutual Wholesale Co., Lakeland, FL, and Parkway Food Service, Inc., Clearwater, FL, and one month of sales of Alliant Foodservice, Deerfield, IL, acquired by USF in late 2001.

Organic foodservice sales in the U.S. rose 10.8 percent, excluding currency impact. Following the Sept. 11 terrorist attacks, organic foodservice sales growth slowed to 7.0 percent.

The addition of Alliant Foodservice, the nation's third largest broadliner with approximately $7 billion in sales, brings USF, the nation's second largest broadliner, to more than $19 billion in annualized sales. With only one month of sales from Alliant, actual USF sales for the year amount to $12.1 billion.

Integration of Alliant is expected to "slightly backload" results toward the second half of the year, according to Cees van der Hoeven, Ahold president and ceo. "Our shareholders will probably see higher earnings per share in the last two quarters than in the first two, as new shares issued in September 2001 to finance the acquisition are earnings eligible for full-year 2002," he adds.


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