Investments Sink Delhaize Q1 Earnings

BRUSSELS — Price investments at the Food Lion and Hannaford banners are positioning the stores for long-term success but are coming at a cost to earnings, officials of parent company Delhaize Group here said Thursday.

Profits in the U.S. were down by 21.7% to $173 million on sales of $4.6 billion in the first quarter ended March 31, officials said. Sales in th

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