GIANT FOOD REPORTS INCREASE IN EARNINGS FOR 2ND QUARTER

LANDOVER, Md. -- Giant Food here said aggressive promotional programs a year ago helped boost sales and earnings for the second quarter and 24 weeks ended Aug. 15. Giant is the process of being sold to Ahold, Zaandam, The Netherlands. Once the Federal Trade Commission approves its divestiture plan, the company said it will "proceed expeditiously toward a final closing." d 146.3% to $18.8 million for

LANDOVER, Md. -- Giant Food here said aggressive promotional programs a year ago helped boost sales and earnings for the second quarter and 24 weeks ended Aug. 15. Giant is the process of being sold to Ahold, Zaandam, The Netherlands. Once the Federal Trade Commission approves its divestiture plan, the company said it will "proceed expeditiously toward a final closing."

d 146.3% to $18.8 million for the quarter and 71.8% to $38.7 million for the half.

The company said it att

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