SMITH'S FOOD & DRUG SALES DROP

SALT LAKE CITY -- Due to closure of its 34 California stores, Smith's Food & Drug Centers here had a sales drop and a net loss for the first quarter ended March 30.the California operations, net income for the quarter was $13.3 million. First-quarter sales fell 7.2% to $693.2 million despite the opening of 14 new stores outside California. Same-store sales fell 5.6% for the quarter.Excluding the California

SALT LAKE CITY -- Due to closure of its 34 California stores, Smith's Food & Drug Centers here had a sales drop and a net loss for the first quarter ended March 30.

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