SAME-STORE SALES ARE FLAT IN FOOD LION'S FIRST QUARTER

SALISBURY, N.C. -- Food Lion here said that increased competition and a mild winter throughout the Southeast held same-store sales flat for the first quarter, which ended March 22.$40.8 million for the same quarter in 1996. Earnings per share were 10 cents, compared with 9 cents a year ago.Food Lion's first-quarter sales and earnings include operating results from its Kash n' Karry subsidiary, which

SALISBURY, N.C. -- Food Lion here said that increased competition and a mild winter throughout the Southeast held same-store sales flat for the first quarter, which ended March 22.

$40.8 million for the same quarter in 1996. Earnings per share were 10 cents, compared with 9 cents a year ago.

Food Lion's first-quarter sales and earnings include operating results from its Kash n' Karry subsidiary, which it acquired last December. The company said Kash n' Karry's results hurt Foo

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