Brussels, Belgium
By ANUK Staff
4.22.13
Comparable store sales and profits grew for Delhaize’s first quarter of fiscal 2013, the company said in a release.
The company attributed the success to continued good volume trends at its repositioned Food Lion stores, Hannaford and Bottom Dollar stores.
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.
Underlying EBITDA increased by 7.1% to $481 million.
