MOBILE, Ala. -- Delchamps here said sales rose 9.7% in the second quarter ended Jan. 1, but earnings declined as a result of the chain's promotional markdown activity. alf, Delchamps said sales increased 7% and same-store sales rose 2.6%. Net earnings totaled $2.5 million in the quarter, a decline of 30% compared with net of $3.5 million in the same period last year. Earnings for 26 weeks rose 1% to $6.6 million. This included a first-quarter credit of $900,000 related to the cumulative ...

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.