LANDOVER, Md. -- Giant Food here said its merchandising promotional strategy in the Northeast -- including deep discounting into major categories -- has cut into earnings for the first half of fiscal year 1998. mpared with $874.42 million a year ago. Net income was down 67% to $7.64 million, or 13 cents per share, compared with $23.17 million, or 39 cents per share, in the year-ago quarter. "While in the short term, earnings could be under historic levels, for the long term, a stronger ...
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.