Delhaize Group sales and earnings increased in the company’s second quarter due in part to sales increases at Food Lion, according to a company statement issued last month. U.S. sales for Delhaize, which includes Food Lion, Hannaford and Bottom Dollar, improved 0.4% to $4.25 billion, as compared to the same period one year ago.
Margins improved from 3.7% to 3.8%, and profits in the U.S. were up by 4.9% to $162 million.
Although Bottom Dollar is still not profitable, Delhaize says the chain is making significant progress on cost and productivity initiatives and is continuing to gain new shoppers.
