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Delhaize Group Q4 sales beat estimates
An extra week of sales and accelerating food inflation helped Delhaize Group, the owner of Food Lion stores, post profits that beat analyst estimates.
The company reported that fourth quarter U.S. revenues were $5.23 billion, a 12% increase from $4.67 billion the same period a year earlier. Same-store sales rose 3.6% in the U.S., but fell 6.9% in Belgium and 2.2% in Southeastern Europe.
