BOISE, Idaho -- Albertson's here said sales and earnings reached record levels in the second quarter ended Aug. 3. Net income rose 13.4% for the 13-week quarter to $106.2 million and 27% for the half to $205.5 million. Sales increased 4.4% for the quarter to $3.1 billion and 5.2% for the half to $6.2 billion. Same-store sales declined 0.3% for the quarter and increased 0.1% for the half.
Excluding the cumulative effect of an accounting change for postemployment benefits recognized in