SOBEYS' LOW-PRICE PUSH IMPACTS EARNINGS

STELLARTON, Nova Scotia -- Sobeys here is investing more in lower retail prices than it expected three to six months ago "[because of] our determination to be more competitive than ever before, in increasingly competitive markets," Bill McEwan, president and chief executive officer, said here.That determination was reflected in the company's financial results for the third quarter and 39 weeks ended

STELLARTON, Nova Scotia -- Sobeys here is investing more in lower retail prices than it expected three to six months ago "[because of] our determination to be more competitive than ever before, in increasingly competitive markets," Bill McEwan, president and chief executive officer, said here.

That determination was reflected in the company's financial results for the third quarter and 39 weeks ended Jan. 31, which showed sales up and earnings down.

Sales increased 5.7% to $2.

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