MOBILE, Ala. -- Delchamps here said sales rose 9.7% in the second quarter ended Jan. 1, but earnings declined as a result of the chain's promotional markdown activity.
alf, Delchamps said sales increased 7% and same-store sales rose 2.6%. Net earnings totaled $2.5 million in the quarter, a decline of 30% compared with net of $3.5 million in the same period last year.
Earnings for 26 weeks rose 1% to $6.6 million. This included a first-quarter credit of $900,000 related to the