SALISBURY, N.C. -- Food Lion here said that increased competition and a mild winter throughout the Southeast held same-store sales flat for the first quarter, which ended March 22. $40.8 million for the same quarter in 1996. Earnings per share were 10 cents, compared with 9 cents a year ago. Food Lion's first-quarter sales and earnings include operating results from its Kash n' Karry subsidiary, which it acquired last December. The company said Kash n' Karry's results hurt Food Lion's ...
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.