MOBILE, Ala. -- Delchamps here said new competition and a battle for market share led to "disappointing" earnings in the first quarter ended Oct. 1. ing changes. The accounting changes reduced last year's first-quarter net by $700,000. Sales in the 13-week quarter declined 0.1% to $266.2 million. Same-store sales fell 3.1%. Randy Delchamps, chairman, president and chief executive officer, said stepped-up competition pressured the company's earnings in the quarter. "First-quarter earnings ...

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.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

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.

Already registered? here.