RALPHS POSTS NET INCOME FOR '94

COMPTON, Calif. -- Ralphs Grocery Co. here reported net income of $138.4 million for the year ended Jan. 30, a turnaround from a loss of $76.1 million in the previous year.losses of $11 million and a deferred income tax benefit of $109.1 million.Sales declined 4% to $2.7 billion for the year and fell 2.2% to $856 million in the 16-week fourth quarter. Net income for the fourth quarter totaled $114.6

COMPTON, Calif. -- Ralphs Grocery Co. here reported net income of $138.4 million for the year ended Jan. 30, a turnaround from a loss of $76.1 million in the previous year.

losses of $11 million and a deferred income tax benefit of $109.1 million.

Sales declined 4% to $2.7 billion for the year and fell 2.2% to $856 million in the 16-week fourth quarter. Net income for the fourth quarter totaled $114.6 million, compared with a loss of $21.4 million in the year-ago period.

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