LANDOVER, Md. -- Giant Food here said lower gross margins continued to pressure earnings in the second quarter ended Aug. 13.
.6 million, or 1.84% of sales, in last year's second quarter.
"Earnings remain impacted by lower gross margins and increased selling expenses, principally in union health and welfare benefits, and payrolls," Giant said.
Sales increased 3.8% in the quarter to $826.4 million and same-store sales rose 1.37%.
Giant said if the effect of