Stater Bros. Posts Profit Decrease

COLTON, Calif. Stater Bros. Holdings here said cannibalization by new stores hampered its comparable-store sales growth in 2006, and net income fell in part due to a decline in gross margins from higher costs and competitive pressures. For its fiscal fourth quarter, which ended Sept. 24, Stater Bros. said net income declined about 11%, to $10.8 million, on a sales gain of 4.9%, to $891.4 million,

COLTON, Calif. — Stater Bros. Holdings here said cannibalization by new stores hampered its comparable-store sales growth in 2006, and net income fell in part due to a decline in gross margins from higher costs and competitive pressures.

For its fiscal fourth quarter, which ended Sept. 24, Stater Bros. said net income declined about 11%, to $10.8 million, on a sales gain of 4.9%, to $891.4 million, compared with year-ago results. For the full fiscal year, net income was down sl

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