SHEBOYGAN, Wis. -- Schultz Sav-O Stores here said net income rose 88.8% to $4.75 million, a record, for the year ended Jan. 1.
and 10.8% for the 12-week fourth quarter to $106.9 million. The fourth quarter of the previous year covered 13 weeks.
James H. Dickelman, chairman, president and chief executive officer, said Schultz's results were satisfactory.
"We view them not so much as an achievement of an objective, but as the establishment of a new base on which to grow,