Delhaize's third quarter profit decreased

Company reported a 3.1% fall in third quarter net profit to EUR100 million as a weak dollar eroded the bottom line. At identical exchange rates, net profit would have been up 4.2%, the Delhaize said.

 EBIT stood at EUR215.8 million,
slightly up on the year-earlier EUR215.6 million. Pointing out that
at identical exchange rates Delhaize was growing in all areas. The
retailer posted a drop of 1.7% in overall sales to EUR4.667 billion.
The continued success of private label products and commitment to
competitive pricing through cost savings initiatives have contributed
to improving sales momentum. In the USA, where Delhaize does about
three-quarters of its business, sales were down 5.2% at EUR3.2
billion. The retailer has confirmed its full year targets.