SMITH'S QUARTER SALES UP, NET OFF

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

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

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