Delhaize (DEG) says higher volume at its Food Lion and Hannaford chains helped push up Q4 U.S. sales by 1.9%, ending a streak of four straight monsth of falling sales in the U.S. Overall, Delhaize's grew sales by 2.3% to £5.76 ($7.57B) during the quarter.
Delhaize (Baa3/BBB-) DEG - will pursue acquisition opportunities and reiterates 2010 forecast. Expect more of this activity going forward.
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DEG vs. ETF Alternatives
Delhaize Group SA is a food retailing company. Its primary store format consists of food supermarkets. Its store network also includes other store formats such as proximity stores, cash and carry and specialty stores.