GIANT FOOD SAYS TEAMSTERS STRIKE CAUSED DROP IN NET

LANDOVER, Md. -- Increased store expenses at Giant Food here -- resulting from the aftereffects of a five-week Teamsters strike last winter -- resulted in a decline of 42.1% in net earnings for the first quarter ended May 17. esults were affected by several factors related to the strike in December and January, including higher inventory levels resulting from the chain's buildup of inventories to

LANDOVER, Md. -- Increased store expenses at Giant Food here -- resulting from the aftereffects of a five-week Teamsters strike last winter -- resulted in a decline of 42.1% in net earnings for the first quarter ended May 17.

esults were affected by several factors related to the strike in December and January, including higher inventory levels resulting from the chain's buildup of inventories to keep the stores operating.

"The higher inventory levels reduced the amount of cas

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