Belgian food retailer Delhaize Group (DEG) Thursday reported third-quarter profit of 109 million euros or 1.07 euros per share compared with a loss of 78 million euros or 0.80 euros per share last year.
The company posted operating profit of 182 million euros compared with an operating loss of 3 million euros a year ago. On an underlying basis, the group's operating profit stood at 192 million euros versus 188 million euros last year.
Revenues grew to 5.462 billion euros from 5.299 billion euros in the year-ago quarter. Comparable store sales in the U.S.rose by 5.3 percent, while in Belgium it declined by 5 percent.
Looking ahead, for the full year 2014, the group expects capital expenditures of nearly 625 million euros at identical exchange rates excluding leases, and plans to open 180 new stores.
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