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
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Post Holdings 'close to acquiring Weetabix'
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action
- Recipe-kit firm HelloFresh launches into UK retail