SALISBURY, N.C. -- Food Lion here reported double-digit sales and earnings gains for the third quarter ended Sept. 7.
million from $41 million. Same-store sales were up 6.7%, topping 5.2% and 6% hikes in the first two quarters.
For the 36 weeks, sales rose 9.7% to $6.2 billion from $5.7 billion a year before. Earnings jumped 19% to $139.5 million from $117.4 million. Same-store sales increased 6%.
Stepped-up promotions and category-management improvements boosted sales