Delhaize Forecasts Profit Growth in 2010

BRUSSELS — Banking on momentum from recent moves to cut costs and invest in price, Delhaize Group here forceast operating profit of 7% to 10% in fiscal 2010 — an increase from 2009 full-year operating profits of 4.6% that the retailer reported Thursday.

BRUSSELS — Banking on momentum from recent moves to cut costs and invest in price, Delhaize Group here forceast operating profit of 7% to 10% in fiscal 2010 — an increase from 2009 full-year operating profits of 4.6% that the retailer reported Thursday.

The company reported U.S. sales of $19 billion and operating profit of $1 billion for fiscal 2009. Excluding a 53rd week in fiscal 2008, margins impr

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