date:May 10, 2013
Belgium-based food retailer Delhaize Group has reported 1.45% increase in revenues to 5.52bn for the first quarter (Q1) of 2013, compared to 5.44bn in the same period in 2012.
The company's underlying operating profit was 214m, a 13% increase, compared to the first quarter of 2012.
In the US, underlying operating margin grew by 4.2% against the prior year's 3.7%, due to positive sales leverage supported by the favorable calendar impact, non-performing store closures, cost reductions and Bottom