ALBERTSON'S EARNINGS, SALES CLIMB

BOISE, Idaho -- Albertson's here said sales and earnings achieved record levels for the third quarter ended Nov. 2. Net income rose 11.7% to $105.4 million for the 13-week quarter and 21.4% to $310.9 million for the 39-week period.said the 1.4% gain in same-store sales for the quarter compared with a drop of 0.3% a year ago. "However, sales momentum has slipped slightly since the quarter's end, and

BOISE, Idaho -- Albertson's here said sales and earnings achieved record levels for the third quarter ended Nov. 2. Net income rose 11.7% to $105.4 million for the 13-week quarter and 21.4% to $310.9 million for the 39-week period.

said the 1.4% gain in same-store sales for the quarter compared with a drop of 0.3% a year ago. "However, sales momentum has slipped slightly since the quarter's end, and management sees no quick fix," she said. While Albertson's continues to fine-tune its everyday-low-pricing program, "management indicated that a more promotional strategy may be necessary in markets with heavy competitive activity," Levin said.

3RD-QUARTER RESULTS

Qtr Ended 11/2/95 11/3/94

Sales $3.1 billion $2.9 billion

Change + 6%

Same-store + 1.4%

Net Income $105.4 million $94.3 million

Change + 11.7%

Inc/Share 42 cents 37 cents

39 Weeks19951994

Sales $9.3 billion $8.8 billion

Change + 5.4%

Same-store + 0.5%

Net Income $310.9 million $256.2 million

Change + 21.4%

Inc/Share $1.23 $1.01