LANDOVER, Md. -- Giant Food here said sales for the 53-week fiscal year ended Feb. 28 increased 8.7% to $4.23 billion in the previous fiscal year, which had 52 weeks.
For the 17-week fourth quarter, sales increased 17.4% to $1.42 billion compared with the year-ago quarter, which had 16 weeks. Adjusted for the extra week, sales increased 10.5% overall and 6.9% for stores in operation both years.
Net income was $36.4 million, or 60 cents per share.