Delhaize Sees Q3 Profit Gain, Raises Guidance

Countering pricing pressure with increased sales volume, Delhaize Group here drove a quarterly increase in earnings and said operating profits would be higher for the fiscal year than its previous forecasts.

BRUSSELS — Countering pricing pressure with increased sales volume, Delhaize Group here drove a quarterly increase in earnings and said operating profits would be higher for the fiscal year than its previous forecasts.

U.S. sales of $4.8 billion for the third quarter ended Sept. 30 slipped by 1.2% and comps were down by 1.3% due mainly to deflation, officials said, as targeted promotions and price investments helped increase volume and trips. Cost reductions helped the company

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