Delhaize Confirms 2008 Outlook

Delhaize Group, parent of the Food Lion, Hannaford Bros. and Sweetbay chains in the U.S., at its annual shareholders’ meeting yesterday confirmed its financial outlook for the year, in which profit gains are weighted toward the second half.

BRUSSELS — Delhaize Group here, parent of the Food Lion, Hannaford Bros. and Sweetbay chains in the U.S., at its annual shareholders’ meeting yesterday confirmed its financial outlook for the year, in which profit gains are weighted toward the second half. The company expects operating net income growth of 25% to 30% on revenue gains of 4% to 5.5%, including comp-store sales growth of 2.5% to 3.5% in the U.S. Delhaize also agreed to pay a dividend of 1.44 euros (about $2.26) per share beginni

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