SALISBURY, N.C. -- Food Lion here reported consolidated first-quarter sales rose 1.3% to $2.31 billion, with a 1.7% gain in same-store sales. . Earnings of $55.2 million, or 12 cents per share, represent an increase of 26.6% over earnings in the year-ago quarter of $43.6 million, or 9 cents per share, the company said. "During the quarter, we experienced positive sales trends for both Food Lion stores and our Kash n' Karry subsidiary," said Tom Smith, president and chief executive officer. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.