Price, Private Label Boosts Delhaize in Q1

Price investments in its banners on both sides of the Atlantic and a strong performance of private brands helped Delhaize Group post a 24.4% increase in net profits during the fiscal first quarter, the retailer here said Wednesday.

BRUSSELS — Price investments in its banners on both sides of the Atlantic and a strong performance of private brands helped Delhaize Group post a 24.4% increase in net profits during the fiscal first quarter, the retailer here said Wednesday.

Delhaize reported net earnings of $169.2 million on overall sales of $6.8 billion. Sales increased by 3% overall, with comparable store sales in the U.S. improving by 2% to $4.7 billion.

All of Delhaize’s U.S. banners made price in

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