FOOD LION SAYS 1996 WAS RECORD YEAR

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

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

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