THIRD-QUARTER, NINE-MONTH SALES DECREASE FOR SMITH'S

SALT LAKE CITY -- Smith's Food & Drug Centers here said expenses and charges led to lower sales and earnings in the third quarter ended Sept. 28 plus a sales drop and a net loss for the 39 weeks.ization in May, which included redemption of about half of the company's common stock, and the first-quarter shutdown of its 34-store California arm and distribution center.Net income in the 13-week quarter

SALT LAKE CITY -- Smith's Food & Drug Centers here said expenses and charges led to lower sales and earnings in the third quarter ended Sept. 28 plus a sales drop and a net loss for the 39 weeks.

ization in May, which included redemption of about half of the company's common stock, and the first-quarter shutdown of its 34-store California arm and distribution center.

Net income in the 13-week quarter fell 64.9% to $3.9 million, due to increased interest expense and amortiz

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