GULF COAST COMPETITION SAID TO HURT DELCHAMPS

MOBILE, Ala. -- Delchamps here blamed its second consecutive quarter of disappointing sales and earnings on continued competitive pressures in the Gulf Coast . For the second quarter ended Dec. 31, the company reported net earnings dropped 93.3% to $168,000 from $2.47 million in the second quarter of 1993.Sales fell 5.1% for the quarter to $260.45 million from $274.51 million. Same-store sales decreased

MOBILE, Ala. -- Delchamps here blamed its second consecutive quarter of disappointing sales and earnings on continued competitive pressures in the Gulf Coast . For the second quarter ended Dec. 31, the company reported net earnings dropped 93.3% to $168,000 from $2.47 million in the second quarter of 1993.

Sales fell 5.1% for the quarter to $260.45 million from $274.51 million. Same-store sales decreased 7.8%.

For the half, earnings dropped 67.1% to $1.64 million, compared wit

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