Delhaize (DEG) Q4 Revs Up 2.3%, Comps Flat at Delhaize America
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Delhaize (NYSE: DEG) reported Q4 revs rose 2.3 percent to €5.763 billion, from €5.634 billion in the same period last year.
Flat comparable store sales at Delhaize America and 0.8% comparable store sales growth at Delhaize Belgium.
The company sees FY12 underlying profit decreasing 17.5 percent, which is in-line with prior guidance calling for a 15 percent to 20 percent dip. Revs are expected to grow 2.9 percent, with organic growth of 2.1 percent.
Flat comparable store sales at Delhaize America and 0.8% comparable store sales growth at Delhaize Belgium.
The company sees FY12 underlying profit decreasing 17.5 percent, which is in-line with prior guidance calling for a 15 percent to 20 percent dip. Revs are expected to grow 2.9 percent, with organic growth of 2.1 percent.
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