SCOTTSDALE, Ariz. -- The grocery industry's two-year Efficient Consumer Response initiative has provided the tools individual companies and their trading partners need to sustain growth and profitability. That's the message that C. Manly Molpus of the Grocery Manufacturers of America delivered to 300 financial analysts and portfolio managers here at the annual meeting of the Consumer Analysts Group of New York last week. To better evaluate the value of companies, "you [analysts] should ask ...

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