Supermarkets delivered soft sales and strong earnings during the first half of 1999, with the prospect for similar sales but higher earnings during the second half and into the new millennium as the benefits of consolidation begin to kick in, securities analysts told SN. A survey of financial results for the Top 10 supermarket companies with public equity or public debt for the period approximating the first six months of the year yielded the following results, including adjustments in ...
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