Unified Earnings, Sales Drop for Fiscal Year

Unified Grocers said yesterday the general economic slide resulted in lower earnings and sales for the fiscal year that ended Oct. 3.

LOS ANGELES — Unified Grocers here said yesterday the general economic slide resulted in lower earnings and sales for the fiscal year that ended Oct. 3.

Net income declined 15.1% to $14.8 million, while sales fell 1.3% to $4.05 billion, despite an extra week in the year, which added $79 million to the total. Unified said the sales decrease resulted primarily from a shift in customer demand toward lower-cost items and the shift during the year of the former Brown & Cole chai

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