Merrill Lynch - Deflationary pressures in food continue to be severe and are...

Deflationary pressures in food continue to be severe and are not projected to ease until the second quarter. Better buying and category management efforts are expected to result in some gross margin improvement.

Merrill Lynch

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Deflationary pressures in food continue to be severe and are not projected to ease until the second quarter. Better buying and category management efforts are expected to result in some gross margin improvement.

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deflationary pressures food continue severe projected ease quarter buying category management efforts expected result gross margin improvement

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