SALES, PROFIT INCREASES REPORTED BY FOOD LION

SALISBURY, N.C. -- Food Lion here said efforts to strengthen its business at existing stores resulted in sales and earnings increases for the third quarter and 36 weeks ended Sept. 9. Net income rose 12.2% for the 12-week quarter to $41 million and 14.5% for the 36-week period to $117.4 million. Sales jumped 3.5% for the quarter to $1.9 billion and 3.7% for the year to date to $5.7 billion, while

SALISBURY, N.C. -- Food Lion here said efforts to strengthen its business at existing stores resulted in sales and earnings increases for the third quarter and 36 weeks ended Sept. 9. Net income rose 12.2% for the 12-week quarter to $41 million and 14.5% for the 36-week period to $117.4 million. Sales jumped 3.5% for the quarter to $1.9 billion and 3.7% for the year to date to $5.7 billion, while same-store sales rose 1.7% for the quarter and 2.8% for the 36 weeks. Tom Smith, president and

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