SMITH'S SHAREHOLDERS ARE TOLD TO EXPECT 2ND-HALF REBOUND

SALT LAKE CITY (FNS) -- Increased profitability should characterize Smith's Food & Drug Centers' second half, Jeffrey P. Smith, chairman and chief executive officer, told shareholders at the chain's annual meeting here.Smith told shareholders the 133-store chain has been faced with declining net income because of the continued unprofitability of its newest marketing area in southern California and

SALT LAKE CITY (FNS) -- Increased profitability should characterize Smith's Food & Drug Centers' second half, Jeffrey P. Smith, chairman and chief executive officer, told shareholders at the chain's annual meeting here.

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