FOODARAMA SALES HIT BY COMPETITIVE OPENINGS

FREEHOLD, N.J. -- Foodarama Supermarkets here said competitive openings and cannibalization from one of its own new stores drove down comparable-store sales in the third quarter that ended July 30.both periods. Net income rose slightly, to $553,000, or 54 cents per share, vs. $496,000, or 48 cents per share, in the third quarter of last year.Gross profit as a percent of sales was 26.5% in both the

FREEHOLD, N.J. -- Foodarama Supermarkets here said competitive openings and cannibalization from one of its own new stores drove down comparable-store sales in the third quarter that ended July 30.

both periods. Net income rose slightly, to $553,000, or 54 cents per share, vs. $496,000, or 48 cents per share, in the third quarter of last year.

Gross profit as a percent of sales was 26.5% in both the third quarter of fiscal 2005 and the year-ago period. Patronage dividends were

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