SMITH'S REPORTS DECLINES IN SAME-STORE SALES, NET

SALT LAKE CITY -- Smith's Food & Drug Centers here said competitive store openings in most of its markets and aggressive price competition in recession-plagued southern California contributed to decreases in earnings and same-store sales for the third quarter and 39 weeks ended Sept. 30.For the quarter, net income fell 17.1% to $11.1 million. For nine months, net income slipped 14.5% to $29.6 million.Same-store

SALT LAKE CITY -- Smith's Food & Drug Centers here said competitive store openings in most of its markets and aggressive price competition in recession-plagued southern California contributed to decreases in earnings and same-store sales for the third quarter and 39 weeks ended Sept. 30.

For the quarter, net income fell 17.1% to $11.1 million. For nine months, net income slipped 14.5% to $29.6 million.

Same-store sales fell 1.8% for the quarter and 3.6% for the year-to-da

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