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Delhaize sees Q2 profit soar 20%
Brussels, Belgium – Delhaize Group reported increases in net profit, same-store sales and revenues during the second quarter of fiscal 2013. Net profit totaled $139.2 million, up 20% from the same quarter in the prior year. Same-store sales grew 1.1% in the U.S. and 0.8% in Belgium, while revenues came to roughly $7.1 billion, a year-over-year increase of 7.1%.
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Gap gets it done, 2Q comps rise 5%
Gap Inc. continues to enjoy momentum at its namesake Gap stores and Old Navy units which pushed total company results up 8% to nearly $3.9 billion.
Results were strongest at Gap and Old Navy stores where comps increase 6% while Banana Republic comps declined 1%.
“We are pleased with our second quarter performance overall, and we’re focused on continuing our momentum as we move into the second half of the year,” said Glenn Murphy, chairman and CEO of Gap Inc.