BUTTREY NET UP 648%, SALES SLIDE 11%

GREAT FALLS, Mont. -- Buttrey Food & Drug Stores here said net income increased 648% to $187,000 from $25,000 for the first quarter ended April 29.During the quarter, the 40-store company recorded a net gain of $255,000 due to the sale of land and a distribution center in Payson, Utah, to Associated Food Stores, Salt Lake City. The chain also incurred an extraordinary charge of $85,000 from the early

GREAT FALLS, Mont. -- Buttrey Food & Drug Stores here said net income increased 648% to $187,000 from $25,000 for the first quarter ended April 29.

During the quarter, the 40-store company recorded a net gain of $255,000 due to the sale of land and a distribution center in Payson, Utah, to Associated Food Stores, Salt Lake City. The chain also incurred an extraordinary charge of $85,000 from the early retirement of debt.

Sales for 13 weeks dropped 11.2% to $87.2 million. C

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