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.

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