FOODARAMA QUARTER NET OFF 41%

FREEHOLD, N.J. -- Foodarama Supermarkets here reported third-quarter net earnings and same-store sales drops.h include figures from two newly opened stores, rose 0.4% to $147.8 million from $147.2 million. Same-store sales dipped 0.6%. Earnings were squeezed by lower same-stores sales, higher selling and store operating expenses stemming from stepped-up competitive activity, and grand opening expenses,

FREEHOLD, N.J. -- Foodarama Supermarkets here reported third-quarter net earnings and same-store sales drops.

h include figures from two newly opened stores, rose 0.4% to $147.8 million from $147.2 million. Same-store sales dipped 0.6%. Earnings were squeezed by lower same-stores sales, higher selling and store operating expenses stemming from stepped-up competitive activity, and grand opening expenses, the ShopRite operator said.

In the 39 weeks, net income was $1.19 million

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