Stater Q4 Sales, Earnings Fall

Stater Bros. Holdings said yesterday the downturn in the economy had a negative impact on sales and earnings for the year and fourth quarter that ended Sept. 28.

SAN BERNARDINO, Calif. — Stater Bros. Holdings here said yesterday the downturn in the economy had a negative impact on sales and earnings for the year and fourth quarter that ended Sept. 28.

Net income for the 13-week quarter fell 30.8% to $7.2 million from last year's 14-week quarter, while sales dropped 5.4% to $940.2 million; adjusted for the extra week, sales were up 1.7% in the quarter and comparable store sales rose 1.1%. Net income for the 52-week fiscal year declined 1

Register to view the full article