Industry performance in the second half of 1998 continued to outpace financial results for the same period of the prior year, and most securities analysts said they expect more of the same through the first half of 1999. Looking at the second-half performance of the 10 largest supermarket chains with public debt or equity, overall sales jumped 15%, operating income was up 22.5% and comparable-store sales rose an average of 2.2%. In the second half of 1997, sales were up 5.9% over the prior ...
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