Delhaize U.S. Comps Down 1.8%

Delhaize Group here reported that first-quarter comparable-store sales fell 1.8% in the U.S. and operating profits were down 6.9% as it rolled out a new pricing initiative. Operating margins were 5.3% of sales in the U.S. for the first quarter, compared with 5.7% in the year-ago quarter. U.S. operating profit totaled $248 million on $4.68 billion in revenues, down 0.4%. The company said it

BRUSSELS — Delhaize Group here reported that first-quarter comparable-store sales fell 1.8% in the U.S. and operating profits were down 6.9% as it rolled out a new pricing initiative.

Operating margins were 5.3% of sales in the U.S. for the first quarter, compared with 5.7% in the year-ago quarter. U.S. operating profit totaled $248 million on $4.68 billion in revenues, down 0.4%.

The company said it is implementing cost reductions to fund the price cuts, which were rol

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