FOOD LION SALES, NET GAIN IN 2ND QUARTER

SALISBURY, N.C. -- Food Lion here said same-store sales and net margin continued to improve during the second quarter and first half of the fiscal year ended June 17. Net income rose 11.3% for the 12-week quarter to $38.7 million and 15.8% for the 24 weeks to $76.4 million. Sales increased 4% for the quarter to $1.9 billion and 3.7% for the half to $3.8 billion, while same-store sales rose 2.4% for

SALISBURY, N.C. -- Food Lion here said same-store sales and net margin continued to improve during the second quarter and first half of the fiscal year ended June 17. Net income rose 11.3% for the 12-week quarter to $38.7 million and 15.8% for the 24 weeks to $76.4 million. Sales increased 4% for the quarter to $1.9 billion and 3.7% for the half to $3.8 billion, while same-store sales rose 2.4% for the quarter and 3.4% for the half. Net margin for the quarter rose to 2.04%. Tom Smith, chairma

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