FOODARAMA REPORTS INCOME PLUMMETS 67% IN 1ST QUARTER

FREEHOLD, N.J. -- Foodarama Supermarkets here said net income fell 66.9% to $40,000 in the first quarter ended Jan. 29.21 stores, compared with 26 stores a year ago.Joseph Saker, chairman and chief executive officer, said the results demonstrate the company's ability to improve its operating results.A company spokesman said the improvement referred to is a comparison with results in last year's third

FREEHOLD, N.J. -- Foodarama Supermarkets here said net income fell 66.9% to $40,000 in the first quarter ended Jan. 29.

21 stores, compared with 26 stores a year ago.

Joseph Saker, chairman and chief executive officer, said the results demonstrate the company's ability to improve its operating results.

A company spokesman said the improvement referred to is a comparison with results in last year's third and fourth quarters, during which the company experienced losses

Register to view the full article

Already a member? .