SALT LAKE CITY -- Smith's Food & Drug Centers here said sales rose 9.5% to $753.8 million in the first quarter ended April 2.
uing pressure from opening new stores in the recession-plagued California market, a very aggressive pricing program in the Utah market and the effect of new-store openings by competitors.
"In the near term, these pressures will continue to affect earnings," Smith's said.
Same-store sales declined 0.5% in the quarter. After adjusting for th