FOOD LION, Salisbury, N.C., is expected to announce this week that its Kash n' Karry unit was profitable in the fourth quarter ended Jan. 3. Food Lion, which is scheduled to announce quarterly results Feb. 12, acquired the struggling chain in late 1996 for about $341 million, including the assumption of about $221 million in debt. Tom Smith, Food Lion president, told a local newspaper that Kash n' Karry is expected to be "a positive contributor" in 1998. Debra Levin, a financial analyst with ...
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