AMERICAN STORES' NET SURGES IN QUARTER

SALT LAKE CITY -- American Stores Co. here said total sales increased 2.6% to $4.87 billion for the 13-week first quarter ended May 2. Comparable store sales increased 0.9% over the prior year first quarter. Comparable store sales in the company's pharmacies increased 13.6% for the first quarter 1998.ion and the effects of increased competition, which are pressuring our sales and margins."The company

SALT LAKE CITY -- American Stores Co. here said total sales increased 2.6% to $4.87 billion for the 13-week first quarter ended May 2. Comparable store sales increased 0.9% over the prior year first quarter. Comparable store sales in the company's pharmacies increased 13.6% for the first quarter 1998.

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