BEDFORD HEIGHTS, Ohio -- Riser Foods here reported increased sales and earnings for the fourth quarter and year ended July 1.
For the 12-week period, income was up 26.7% to $3.8 million. Net income soared 37.8% to $11.6 million for the 52 weeks.
Results for the 1994 fiscal year were affected by a $12 million pre-tax restructuring charge. Net income for the first quarter last year was affected by a $6.9 million gain related to a change in accounting principles.