Delhaize Drives Profit Gains

Countering pricing pressure with increased sales volume, Delhaize Group here drove a quarterly increase in earnings and said operating profits would be higher for the fiscal year than its previous forecasts. For the third quarter, which ended Sept. 30, the retailer here said net profits increased 10.1% at identical exchange rates (19.3% at actual rates) on an overall sales improvement of

BRUSSELS — Countering pricing pressure with increased sales volume, Delhaize Group here drove a quarterly increase in earnings and said operating profits would be higher for the fiscal year than its previous forecasts.

For the third quarter, which ended Sept. 30, the retailer here said net profits increased 10.1% at identical exchange rates (19.3% at actual rates) on an overall sales improvement of 1.9%. In the U.S., sales of $4.8 billion decreased by 1.2% and comparable-store

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