COSTS CITED BY SEAWAY AS QUARTER PROFIT FALLS

MAUMEE, Ohio -- Seaway Food Town here said increased product costs affected earnings for the third quarter ended May 27. However, earnings for the year-to-date still far exceeded last year's.For the quarter, Seaway said that net income was $589,000, a 34% drop from last year. Sales were up 2.2% to $139.2 million.For 39 weeks, sales rose 2.9% to $420.1 million, while earnings more than doubled to $3.2

MAUMEE, Ohio -- Seaway Food Town here said increased product costs affected earnings for the third quarter ended May 27. However, earnings for the year-to-date still far exceeded last year's.

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