Unifed Reports ‘Solid Year’ Despite Sales Dip

LOS ANGELES — Unified Grocers here said earnings and sales declined for the fiscal year that ended Oct. 2, but the company said it is seeing signs of economic recovery.

LOS ANGELES — Unified Grocers here said earnings and sales declined for the fiscal year that ended Oct. 2, but the company said it is seeing signs of economic recovery.

Net income for the year — a 52-week year compared to 53 weeks in the prior year — dropped 25.7% to $11 million, and sales fell 3.2% to $$3.9 billion.

However, the member-owned cooperative said the price of members' stock rose 4.9%

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