SALISBURY, N.C. -- Driven by same-store sales growth, Food Lion here said sales and earnings advanced for the first quarter ended March 23. the quarter, Food Lion recorded a non-operating, noncash charge of $9.6 million because of an accounting change related to long-lived assets. Tom Smith, president and chief executive officer, attributed the results to the shift to 24-hour service at several stores, the renovation and expansion of older stores, and the effect of winter storms. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.