Ahold Acquisition Target Delhaize Posts Better-Than-Expected Q2 Sales
SEAFOODNEWS.COM [Reuters] - July 30, 2015 -
BRUSSELS, Belgian grocer Delhaize , which Dutch rival Ahold plans to buy, posted better-than-expected sales in its main markets in the United States and Belgium in the second quarter.
Sales at stores open for at least at year increased by 2.5 percent in the United States, Delhaize's largest market with some 65 percent of sales. Analysts had on average expected a 2.2 percent rise.
Delhaize added that it was a able to expand there despite lower prices for much fresh produce, such as dairy, pork and seafood, contributing to retail deflation of 0.9 percent.
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