Delhaize U.S. Comps Down 1.8% in Q1

Delhaize Group reported that first-quarter comparable-store sales fell 1.8% in the U.S. and operating profits were down 6.9% as it rolled out a new pricing initiative.

BRUSSELS — Delhaize Group here Wednesday reported that first-quarter comparable-store sales fell 1.8% in the U.S. and operating profits were down 6.9% as it rolled out a new pricing initiative.

Operating margins were 5.3% of sales in the U.S. for the first quarter, compared with 5.7% in the year-ago quarter. U.S. operating profit totaled $248 million on $4.68 billion in revenues

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