FRED MEYER SAYS STRIKES HURT YEAR-END EARNINGS

PORTLAND, Ore. -- Fred Meyer Inc. here said a series of strikes during the second half of the year reduced earnings and lowered same-store sales for the year and fourth quarter ended Jan. 28. Net income fell 89.5% to $7.2 million for the year and 71.5% to $8.6 million for the 12-week quarter. Sales rose 5% for the year to $3.13 billion and 3% for the quarter to $832 million, while same-store sales

PORTLAND, Ore. -- Fred Meyer Inc. here said a series of strikes during the second half of the year reduced earnings and lowered same-store sales for the year and fourth quarter ended Jan. 28. Net income fell 89.5% to $7.2 million for the year and 71.5% to $8.6 million for the 12-week quarter. Sales rose 5% for the year to $3.13 billion and 3% for the quarter to $832 million, while same-store sales dropped 2% for the year and 2.5% for the quarter. Comparable food sales fell 3% for the year and

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