FOOD LION OVERCOMES DIP TO POST STRONG EARNINGS

SALISBURY, N.C. -- Food Lion here reported strong earnings for the second quarter of 1997, despite a dip in same-store sales and increased competition in the Southeast. 7 million, or 11 cents per share, compared with $48.6 million, or 10 cents per share, in the second quarter of 1996. The company said same-store sales declined 0.2% for the quarter. However, its net margin of 2.1% was above the industry

SALISBURY, N.C. -- Food Lion here reported strong earnings for the second quarter of 1997, despite a dip in same-store sales and increased competition in the Southeast.

7 million, or 11 cents per share, compared with $48.6 million, or 10 cents per share, in the second quarter of 1996. The company said same-store sales declined 0.2% for the quarter. However, its net margin of 2.1% was above the industry average 1.2%.

"I am proud to report that Food Lion has continued to maintai

Register to view the full article

Already a member? .