Delhaize Group, the owner of the U.S. Food Lion stores, fell the most in 22 months in Brussels on concern margins will shrink further because of price cuts and maintaining U.S. sales momentum will require more spending.
Delhaize Group SA, the owner of the U.S. Food Lion stores, rose the most in almost 3 1/2 years after price cuts lured back shoppers, driving revenue growth in more than a third of the Food Lion network.
Delhaize Group SA, the owner of the U.S. Food Lion supermarkets, fell the most in 16 months in Brussels trading after reporting sales that missed analysts’ estimates and saying it will close 146 unprofitable stores.
Delhaize Group, the owner of the Food Lion supermarkets, rose to a two-year high in Brussels trading after second-quarter earnings showed that cost savings and better supplier terms are outweighing price cuts in the U.S.
Delhaize Group SA, the owner of the Food Lion supermarkets, fell to the lowest value in more than three years in Brussels after saying margins will shrink again this year on U.S. price cuts and Bottom Dollar Food store openings.