First Quarter Profits Rise for Delhaize


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Mon. April 22nd, 2013

<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Brussels, Belgium</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By ANUK Staff<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">4.22.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Comparable store sales and profits grew for Delhaize’s first quarter of fiscal 2013, the company said in a release.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company attributed the success to continued good volume trends at its repositioned Food Lion stores, Hannaford and Bottom Dollar stores.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><img src="https://cdn.andnowuknow.com/legacyWriterImages/delhaiz042213ban.jpg" alt="images042213" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> In the U.S., comparable store sales improved by 1.9% in the first quarter and underlying profit margin improved to 4.2% from 3.7%. Cost reductions and the closure of non-performing stores, and Bottom Dollar’s improved results all played a role in the profit rise.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Underlying EBITDA increased by 7.1% to $481 million. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.delhaizegroup.com/en/Home.aspx"target="_new">Delhaize </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">