BRUSSELS — Delhaize expects to see opportunities for margin improvement in the second half as it implements a 60 million euro ($93 million) cost-cutting initiative, the company said in a conference call yesterday discussing second-quarter earnings. Last month the company had projected soft results for the quarter and revised its guidance downward for the second half, citing economic pressures on consumers. “In the U.S., the situation worsened progressively through the second quarter, [but] ...
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 complimentary access to the SN salary survey data tables.
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.