LANDOVER, Md. -- Net income at Giant Food here surged in the second quarter and half ended Aug. 10, but sales rose only slightly.
he 24-week half, net income climbed 22.8% to nearly $49 million from $39.9 million.
Sales in the quarter rose 2.1% to $874.4 million from $856.5 million a year ago. A similar gain was reported in the half, with sales up 2.6% to $1.77 billion from $1.73 billion. Same-store sales were virtually flat; excluding the effects of a soft regional economy