Unified Earnings Drop in Q2 From Investments, Fuel Costs

Unified Grocers said yesterday investments in its distribution network, rising fuel costs and volatility in the equity markets are having a short-term impact on earnings for the second quarter that ended March 29, though the company said it expects earnings for the year to be "materially in line" with last year's performance.

LOS ANGELES — Unified Grocers said yesterday investments in its distribution network, rising fuel costs and volatility in the equity markets are having a short-term impact on earnings for the second quarter that ended March 29, though the company said it expects earnings for the year to be "materially in line" with last year's performance. Net income for the quarter fell 64.7% to $1.3 million, while sales rose 31.6% to $991.9 million, reflecting $201.5 million from business in the Pacific Nor

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