SCHULTZ QUARTER NET SLIPS

HEBOYGAN, Wis. -- Schultz Sav-O Stores here said weak retail performance caused by competitive pressures in several market areas resulted in net earnings declining 16.1% to $1.7 million in the 12-week third quarter ended Oct. 9.$375.5 million and earnings per share rose 2 cents to 84 cents.The company said the only reason for the increase in earnings per share was its ongoing stock repurchase program.

HEBOYGAN, Wis. -- Schultz Sav-O Stores here said weak retail performance caused by competitive pressures in several market areas resulted in net earnings declining 16.1% to $1.7 million in the 12-week third quarter ended Oct. 9.

$375.5 million and earnings per share rose 2 cents to 84 cents.

The company said the only reason for the increase in earnings per share was its ongoing stock repurchase program. As of Oct. 9, the company had spent $8.5 million to repurchase 523,000 s

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