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Delhaize profit rises in Q3
Amsterdam -- Delhaize Group reported Wednesday that its third-quarter net profit rose 10% to $193 million, compared with a profit of $176 million in the year-ago period. Excluding currency effects, profit rose 2.7%.
The Belgian supermarket operator attributed the improvements to a stronger dollar against the euro, but also warned the retail environment in the United States remains challenging.
Revenue rose to $7.3 billion from $6.7 billion a year earlier.
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Arden Group's Q3 net income drops 26%
Los Angeles -- Supermarket retailer Arden Group reported Wednesday that the company earned $3.5 million in the quarter ended Oct. 2, compared with net income of $4.7 million in the year-ago period.
The parent of Southern California supermarket chain Gelson's Markets cited economic conditions and competition for the profit decline.
Revenue decreased 3% to $100.3 million. Same-store sales fell 3.3%.