PORTLAND, Ore. -- Fred Meyer Inc. here reported record sales and earnings for the first quarter ended May 21.
million, net rose 14.1% to $16 million in the quarter.
Sales jumped 9.4% to $932.3 million in the 16-week period. Same-store sales rose 3.4%, with comparable food sales up 2.5% and comparable nonfood sales rising 4%.
Robert G. Miller, chairman and chief executive officer, said strong sales in certain nonfood categories, especially seasonal garden and outdoor