Price investments, weather fuel Q1 sales at Delhaize

Price investments, weather fuel Q1 sales at Delhaize

Price investments and severe winter weather helped Delhaize’s U.S. stores post a 4.6% comparable-store sales increase in the first quarter, the retailer said Wednesday.

Overall U.S. revenues improved 4.1% to $4.4 billion. Underlying profits decreased by 8.2% to $155 million in the quarter, reflecting lower margins as a result of price investments at both the Hannaford and Food Lion banners, as well as costs involv

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