Earnings Flat as Stater Holds Prices

Stater Bros. Holdings said yesterday efforts to keep prices down resulted in strong sales but flat earnings for the second quarter that ended March 30.

SAN BERNARDINO, Calif. — Stater Bros. Holdings said yesterday efforts to keep prices down resulted in strong sales but flat earnings for the second quarter that ended March 30. Net income for the 13-week quarter was $13.5 million, identical to net income a year ago, while sales rose 7% to $925.4 million and comparable-store sales climbed 3.7%, excluding shifts in the Christmas and Easter holidays. For the year to date, net income rose 4.3% to $24.3 million, with sales up 5.5% to $1.9 billion

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