Delhaize Q2 Net Profit Down 29%
Delhaize Group (NYSE: DEG) posted a 29% decline in its second-quarter profit.
Delhaize's quarterly net profit dropped to 87 million euros ($108 million), versus analysts' estimates of EUR85.9 million.
Its sales surged 12% to EUR5.70 billion, while underlying operating profit fell 12% to EUR184 million.
Delhaize's revenue gained 0.33% in the Belgian market.
Delhaize shares surged 7.35% to $44.09 in pre-market trading.
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