HARRISBURG, Pa. -- Super Rite here said a continued strong performance in its wholesale segment and a decrease in interest expense raised earnings for the first quarter ended June 3.
For the quarter, the company -- which is merging with Richfood Holdings, Mechanicsville, Va., as reported -- had a 15.6% increase in net income to $3.6 million. Revenues for the 13-week period advanced 6.4% to $373.5 million. Same-store sales rose 4% in the period.
Super Rite said operating income