Unified Reports Lower Q1 Sales, Earnings

Unifed Grocers here said yesterday it had lower earnings and sales for the first quarter, which ended Dec. 27, down from record levels in both a year ago following its September 2007 acquisition of Associated Grocers, Seattle.

LOS ANGELES — Unifed Grocers here said yesterday it had lower earnings and sales for the first quarter, which ended Dec. 27, down from record levels in both a year ago following its September 2007 acquisition of Associated Grocers, Seattle.

Net income fell 37% to $3.9 million, which the company said was because earnings attributable to former AG customers are now reflected in Unified's income; it also blamed investment declines tied to the equity markets that were larger than t

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