BELGIUM: Delhaize reports 81% rise in net profits
Belgium food retailer Delhaize Frères et Compagnie-Le Lion SA today [Tuesday] reported an 81% rise in net profits for the first quarter of 2002 to €48.3m (US$44m) (2001: €26.7m). Delhaize makes some 80% of its sales in the United States, where sales improved during the quarter under review. A 5% appreciation of the dollar against the euro also boosted the contribution from the US, where the group operates 1,400 stores in 16 states under formats including Food Lion, Hannaford Bros and Kash n' Karry.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- just-food 2017 Survey - your thoughts on growth
- 2017: three major drivers of M&A strategy
- 2017 - what will shape the UK food sector?
- Could BRF's Turkey move pave way for OneFoods IPO?
- Food market in 2017: big foodservice trends
- Ferrero insists Nutella not pulled from shelves
- UK's Bakkavor plays down IPO "speculation"
- Premier Foods issues profit warning
- PepsiCo launches Walkers Mediterranean in UK
- Kellogg names Fareed Khan as incoming CFO