Delhaize Group Sees Weak First-Half Earnings

Executives at Delhaize Group said yesterday they expect a series of initiatives in the U.S. to help boost earnings 6% to 8% in the second half of the year, despite a decline at the corporate level in the first quarter, ended March 30, and expectations for more of the same in the second quarter.

BRUSSELS, Belgium — Executives at Delhaize Group here said yesterday they expect a series of initiatives in the U.S. to help boost earnings 6% to 8% in the second half of the year, despite a decline at the corporate level in the first quarter, ended March 30, and expectations for more of the same in the second quarter. Wall Street showed its skepticism, however, with the stock falling about 8.6% yesterday after the company reported declines of 4.7% in net income and 4.5% in sales. In the U.S.

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