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Article: FOOD LION POSTS STRONG FIRST QUARTER SAME STORE SALES UP 5.2%
- Article from:
- PR Newswire
- Article date:
- April 4, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SALISBURY, N.C., April 4 /PRNewswire/ -- Food Lion, Inc. (Nasdaq-NNM: FDLNA FDLNB) today announced strong first quarter 1996 sales and earnings driven by 5.2% same store sales growth. Sales for the 1,084 store chain topped $2.0 billion -- an 8.5% increase over the same quarter last year. Food Lion's earnings of $40,853,000 also increased by 8.5%. Operating results, excluding an accounting charge described below, are highlighted by an earnings increase of 24.1%, and a net margin of 2.31%. The Company's net margin has been almost double the industry average for the past eight quarters.
"There were a number of factors which we believe influenced our outstanding ...
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Article: Food Lion sales up 22.2 percent and profit before ...
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... ... 321,807,636 FOOD LION, INC. STATEMENTS ... 565 Income before income taxes 53,187 46,515 ... 79 Income before income taxes 4.81 5.14 4 ... 97 Provision for income taxes 1.89 1.97 1 ... 17 2.92 3.06 FOOD LION, INC. BALANCE ...
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