SALISBURY, N.C. -- Food Lion here said a combination of low-pricing strategy, the conversion of many stores to 24-hour operations, the success of its MVP customer program and an effort to keep down operating costs propelled the company to its strongest year ever.
r fourth quarter 1995. Sales were $2.77 billion, up 9.4% over the year-ago quarter.
Food Lion closed the year with a net margin of 2.4% for the quarter and 2.3% for the year. Same-store sales were up 5% for the quar