MEGAFOODS REPORTS LOSS FOR YEAR

MESA, Ariz. -- Megafoods Stores here reported a loss for the year and fourth quarter ended Jan. 1.The loss, which the company attributed to expenses associated with adding 24 net new stores in 1993, totaled $19.5 million for the year and $16.5 million for the quarter.Sales increased 39.7% for the year to $409.2 million and 43.2% for the quarter to $130.6 million. Same-store sales rose 3% for the year

MESA, Ariz. -- Megafoods Stores here reported a loss for the year and fourth quarter ended Jan. 1.

The loss, which the company attributed to expenses associated with adding 24 net new stores in 1993, totaled $19.5 million for the year and $16.5 million for the quarter.

Sales increased 39.7% for the year to $409.2 million and 43.2% for the quarter to $130.6 million. Same-store sales rose 3% for the year and 6% for the 13-week fourth quarter.

Megafoods also said sa

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