Delhaize Q1 Profit Climbs - Quick Facts

(RTTNews) - Belgian food retailer Delhaize Group (DEG) reported Wednesday that its first-quarter group share in net profit climbed 57.6 percent to 80 million euros from 51 million euros last year.

Earnings per share was 0.78 euros, compared to 0.50 euros a year ago.

Net profit from continuing operations declined 9.6 percent to 90 million euros from last year's 99 million euros.

Revenues edged up 0.3 percent to 5.12 billion euros. At identical rates, revenues grew 2.8 percent.

EBITDA, a key earnings metric, was 302 million euros, 2.9 percent lower than last year.

Comparable store sales growth was 4.6 percent in the U.S., but it declined 0.8 percent in Belgium.

Further, the company reiterated that, for 2014, capital expenditures will increase to approximately 625 million euros at identical exchange rates and that it plans to open 180 stores.