Delhaize Trims Sales, Earnings Outlook

Shares of Delhaize here plunged 8.6% in European trading on Friday after the company said its sales and profit growth would be weaker than expected this year.

BRUSSELS — Shares of Delhaize here plunged 8.6% in European trading on Friday after the company said its sales and profit growth would be weaker than expected this year. “In the U.S. as well as in our European markets, consumers are changing their spending behavior as a result of higher oil and food prices and the continued problems in the financial and real estate markets,” the company said. “They are trading down and purchasing fewer items per visit.” The company projected operating profit

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