SMITH'S CASH FLOW, VOLUME INCREASE FOR FIRST QUARTER

SALT LAKE CITY -- Smith's Food & Drug Centers here said sales and operating cash flow increased for the first quarter ended April 5. , Phoenix, last spring make quarterly comparisons meaningless.Smith's said it had a net loss of $18.2 million for the 14-week quarter, following an extraordinary charge of $25 million net representing a writeoff of deferred financing costs related to its existing bank

SALT LAKE CITY -- Smith's Food & Drug Centers here said sales and operating cash flow increased for the first quarter ended April 5.

, Phoenix, last spring make quarterly comparisons meaningless.

Smith's said it had a net loss of $18.2 million for the 14-week quarter, following an extraordinary charge of $25 million net representing a writeoff of deferred financing costs related to its existing bank term debt.

Sales for the quarter rose 20% to $831.8 million, an

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