Delhaize Posts Sales, Earnings Gain in Rough Q2

Delhaize Group on Thursday posted increases in sales, margins and profits for the second quarter, but noted competition had heightened and reiterated a grim forecast for the second half of the year.

BRUSSELS — Delhaize Group on Thursday posted increases in sales, margins and profits for the second quarter, but noted competition had heightened and reiterated a grim forecast for the second half of the year.

The company noted competition was especially rough in the Southeast, where aggressive price competition and slowing inflation pressured Delhaize’s Food Lion banner, according to Rick Anicetti, chief executive officer of Food Lion, speaking in a conference call.

“I

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