Forecasting Food Lion Sales
Asked by an analyst when he anticipated that Food Lion sales would show positive growth overall, Hodge said “around six months or within six months,” counting on a ramp-up in sales from the recently completed Charlotte and Greensboro markets. A fourth phase of the rebranding is planned for early next year. Investments in this program brought considerable pressure on profits during the quarter — pressure officials said is likely to last at least through the end of the ...
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