HOMELAND SALES INCREASE BY 7.4% IN QUARTER

OKLAHOMA CITY -- Homeland Stores here said it struggled with low food-price inflation and more stringent food-stamp eligibility requirements in fiscal 1997 -- its first full year since its August 1996 reorganization.4.5 million in the 16-week fourth quarter of 1996. Earnings before interest, taxes, depreciation and amortization increased 8.8% to $8.1 million, compared with $7.4 million in the year-ago

OKLAHOMA CITY -- Homeland Stores here said it struggled with low food-price inflation and more stringent food-stamp eligibility requirements in fiscal 1997 -- its first full year since its August 1996 reorganization.

4.5 million in the 16-week fourth quarter of 1996. Earnings before interest, taxes, depreciation and amortization increased 8.8% to $8.1 million, compared with $7.4 million in the year-ago quarter.

Same-store sales increased 1.6% in the quarter. Excluding the ext

Register to view the full article

Already a member? .