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. ...
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