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.

Last month, the company had projected soft results for the quarter, citing economic pressures on consumers, and it lowered its outlook for sales and profit growth for the full year (see July 28 issue of SN, Page 1).

Register to view the full article

Already a member? .