BRUSSELS — Price investments at the Food Lion and Hannaford banners are positioning the stores for long-term success but are coming at a cost to earnings, officials of parent company Delhaize Group here said Thursday. Profits in the U.S. were down by 21.7% to $173 million on sales of $4.6 billion in the first quarter ended March 31, officials said. Sales in the U.S., led by Food Lion and Hannaford, declined by 1.2% and comps fell by 0.6% in the quarter. Related Story: Food Lion ...
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