SMITH'S REPORTS SALES CUT BY CALIFORNIA UNIT CLOSINGS

SALT LAKE CITY -- Smith's Food & Drug Centers here said the closing of 34 California stores reduced sales totals for the second quarter and half ended June 29.and 10.9% in the half. Although the acquisition of 28 Smitty's supermarkets in Arizona partially compensated for the sale of the California units, they were part of Smith's for only five weeks of the second quarter, the company noted. Same-store

SALT LAKE CITY -- Smith's Food & Drug Centers here said the closing of 34 California stores reduced sales totals for the second quarter and half ended June 29.

and 10.9% in the half. Although the acquisition of 28 Smitty's supermarkets in Arizona partially compensated for the sale of the California units, they were part of Smith's for only five weeks of the second quarter, the company noted. Same-store sales dipped 0.9% for the second quarter vs. a 2.7% decline in the first quarte

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