Delhaize Cuts Costs, Sees Better 2nd Half Ahead

Delhaize expects to see opportunities for margin improvement in the second half as it implements a 60 million euro ($93 million U.S.) cost-cutting initiative, the company said in a conference call last week discussing second-quarter earnings. Last month, the company had projected soft results for the quarter, citing economic pressures on consumers, and it lowered its outlook for sales and

BRUSSELS — Delhaize expects to see opportunities for margin improvement in the second half as it implements a 60 million euro ($93 million U.S.) cost-cutting initiative, the company said in a conference call last week discussing second-quarter earnings.

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