INVESTMENTS SLOW DELHAIZE GROWTH

BRUSSELS, Belgium -- Citing aggressive promotional activity in the Food Lion division, and benefits lagging investments at Sweetbay and Hannaford, Delhaize Group last week predicted only modest sales and earnings growth for fiscal 2005.Delhaize, which operates the Food Lion, Sweetbay/Kash N' Karry and Hannaford banners, expects comparable-store sales in the United States to grow between 0.5% and 1%

BRUSSELS, Belgium -- Citing aggressive promotional activity in the Food Lion division, and benefits lagging investments at Sweetbay and Hannaford, Delhaize Group last week predicted only modest sales and earnings growth for fiscal 2005.

Delhaize, which operates the Food Lion, Sweetbay/Kash N' Karry and Hannaford banners, expects comparable-store sales in the United States to grow between 0.5% and 1% for the fiscal year. Pierre-Olivier Beckers, president and chief executive officer of

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