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FOOD LION REPORTS 1991 SALES UP 15.3 PERCENT

 FOOD LION REPORTS 1991 SALES UP 15.3 PERCENT
 SALISBURY, N.C., Jan. 2 /PRNewswire/ -- Food Lion, Inc.


(NASDAQ-NMS: FDLN) reported record sales for the year ended Dec. 28, 1991 and for the most recent 16 week quarter ended Dec. 28, 1991. Unaudited sales for the 52 weeks ended Dec. 28, 1991 were $6,438,507,261 compared to $5,584,410,136 for the 52 weeks ended Dec. 29, 1990, an increase of 15.3 percent.
 For the 16 week quarter ended Dec. 28, 1991, unaudited sales were $2,022,691,954, compared to $1,789,541,637 for the 16 week quarter last year, up 13.0 percent. Unaudited sales for the four week period ended Dec. 28, 1991 were $520,585,826, compared to $465,853,530 for the four week period last year, up 11.7 percent.
 Fiscal 1991 Summary:
 PERIOD ENDING DECEMBER 28, 1991 DECEMBER 29, 1990 PCT. INCREASE
 4 Weeks $520,585,826 $465,083,530 11.7
 16 Weeks $2,022,691,954 $1,789,541,637 13.0
 52 Weeks $6,438,507,261 $5,584,410,136 15.3
 Number of
 Stores 881 778
 As of Dec. 28, 1991, Food Lion, Inc. was operating in twelve states, with principal locations in the Southeast. Same store sales increased 1.5 percent for the four weeks, 1.6 percent for the 16 weeks and 2.7 percent year-to-date. Company trends continue to reflect the sluggish economy's effect on retail sales.
 -0- 1/2/92
 /CONTACT: Mike Mozingo, Corporate Communications Manager, Food Lion, Inc., 704-633-8250, ext. 2575/
 (FDLN) CO: Food Lion, Inc ST: North Carolina IN: REA SU:


DF -- CH005 -- 6306 01/02/92 17:14 EST
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Publication:PR Newswire
Date:Jan 2, 1992
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