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