Food Lion 2002 Annual Report Download - page 24

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2002 2001 change
Number of stores 707 675 +32
Sales* 3,420.3 3,212.9 +6.5%
Operating profit* 122.5 121.5 +0.8%
Operating margin 3.6% 3.8% -
Net earnings* 91.9 85.3 +7.7%
* in millions of EUR
Belgium
22 |Delhaize Group |Annual Report 2002
Successfully launched new commercial
policy
Posted comparable store sales growth
of +3.7%
Increased market share from 24.6%
to 24.8%
Grew the affiliated network and opened
three corporate supermarkets
Added a new warehouse in the Grand
Duchy of Luxembourg
2002 Highlights:
Outlook for 2003: Open 62 stores for a total of 769 stores, including the first two stores in Germany
Accelerate rollout of Delhaize City format (+10 stores)
Remodel all corporate supermarkets in 2003-2005
Open a new 9,000 m2break-pack facility with semi-automatic picking system
Number of Stores
515 553 615 675 707
98 99 00 01 02
Sales
(in billions of EUR)
2.7 2.8 3.0 3.2 3.4
98 99 00 01 02