HANNAFORD NET INCOME RISES, YET QUARTERLY GAIN DISAPPOINTS

SCARBOROUGH, Maine -- Hannaford Bros. here said sales and earnings rose in the third quarter and nine months ended Sept. 28, though quarterly income was lower than expected.illion. Year-to-date sales increased 16.2% to $2.19 billion from $1.89 billion a year before; same-store sales increased 3.3%. Net earnings rose 1.5% to $54.08 million from $53.3 million.Quarterly income was below expectations

SCARBOROUGH, Maine -- Hannaford Bros. here said sales and earnings rose in the third quarter and nine months ended Sept. 28, though quarterly income was lower than expected.

illion. Year-to-date sales increased 16.2% to $2.19 billion from $1.89 billion a year before; same-store sales increased 3.3%. Net earnings rose 1.5% to $54.08 million from $53.3 million.

Quarterly income was below expectations due to Hurricane Fran, which caused disruption and product loss at 20 North Car

Register to view the full article

test - Advanced Registered User

Already a member? .