INDIANAPOLIS -- Marsh Supermarkets here reported increased sales and earnings for the year ended April 2.
Net income rose 6.5% to $10.5 million. Excluding a $1.9 million credit related to accounting changes, however, net declined 13.2% to $8.5 million.
Sales for the year, which contained 53 weeks, rose 7.9% to a record $1.26 billion. Marsh said the extra week boosted sales by $23.6 million. On a comparable 52-week basis, the sales increase would have been 5.9%.