FOOD LION REPORTS INCOME UP 42.1% IN FIRST QUARTER

SALISBURY, N.C. -- Food Lion here reported net income of $31.2 million for the first quarter ended March 26. This represented a 42.1% increase compared with income of $21.9 million in the year-ago first quarter. Last year's first quarter, however, was impacted by a November 1992 television news report critical of Food Lion's meat and deli departments.Sales at the 1,048-store chain rose 8.9% to $1.8

SALISBURY, N.C. -- Food Lion here reported net income of $31.2 million for the first quarter ended March 26. This represented a 42.1% increase compared with income of $21.9 million in the year-ago first quarter. Last year's first quarter, however, was impacted by a November 1992 television news report critical of Food Lion's meat and deli departments.

Sales at the 1,048-store chain rose 8.9% to $1.8 billion in the recent 12-week quarter.

Same-store sales (including all compa

Register to view the full article

test - Advanced Registered User

Already a member? .