THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Friday, September 20, 1996 TAG: 9609200545
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
LENGTH: 44 lines
Food Lion Inc. reported continued double digit sales and earnings increases for the third quarter. The supermarket chain posted quarterly sales of $2.1 billion, an 11 percent increase over the same quarter in 1995. Food Lion achieved a same store sales increase of 6.7 percent, outpacing the supermarket industry and topping strong same store sales increases of 5.2 percent and 6.0 percent in the first two quarters of the year. The company's net margin remained steady at 2.35 percent, more than double the industry average. Food Lion earned $50.0 million during the quarter, up 22.0 percent for the same period last year. Earnings per share were 11 cents. (Staff) Eskimo Pie's chairman, CEO resigns suddenly
Eskimo Pie Corp., which has struggled this year from slow sales of certain ice-cream products, said David V. Clark resigned as chairman, president and chief executive, effective immediately. A spokesman for the company declined to elaborate on the reason for Clark's resignation. The Richmond-based frozen foods company said Arnold H. Dreyfuss was named chairman and interim chief executive. Dreyfuss is former chairman and chief executive of Hamilton Beach/Procter-Silex Inc. Eskimo Pie said it would search for a new president and chief executive. (Dow Jones News) Fredericksburg company cleans up in chemicals
A Fredericksburg company has been soaking up business with its oil- and chemical-absorbent products. Breg International has quietly grown over a decade into one of the largest companies in the business, with gross sales approaching $10 million this year. Breg now makes several hundred variations of absorbent snakes, sheets, pads, cleanup kits for trucking companies, plastic containers and even high-dollar spill-response trailers equipped with the materials. Daniel J. Hilbert, Breg's chief executive, has taken the company from 19 employees in 1992 to 40 employees. ``The first thing that struck me was that we had a core group of exceptional employees - people who genuinely care about what they do every day,'' Hilbert said. The company is close to adding a second shift. (AP) by CNB