FOODARAMA SEES SALES DROP, INCOME RISE IN 3RD QUARTER

FREEHOLD, N.J. -- With the previously reported sale of two Pennsylvania stores in May, Foodarama Supermarkets here said sales declined for the third quarter and 39 weeks ended July 29. Sales fell 3.3% for the 13-week quarter to $145.9 million and 3.5% for the 39 weeks to $443.9 million. Same-store sales rose 5.3% for the quarter and 0.9% for the 39 weeks. The company reported an increase in net income

FREEHOLD, N.J. -- With the previously reported sale of two Pennsylvania stores in May, Foodarama Supermarkets here said sales declined for the third quarter and 39 weeks ended July 29. Sales fell 3.3% for the 13-week quarter to $145.9 million and 3.5% for the 39 weeks to $443.9 million. Same-store sales rose 5.3% for the quarter and 0.9% for the 39 weeks. The company reported an increase in net income for the quarter of 41.9% to $545,000 and a net loss of $845,000 for the year to date. It

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