INDIANAPOLIS -- Sales and earnings at Marsh Supermarkets here increased for the year ended March 30, while sales rose and earnings declined for the fourth quarter.
crease, about $50.5 million came from retail operations, $22 million came from wholesale sales and $14.5 million came from food-service operations, Marsh reported.
For the 12-week fourth quarter, net income fell 9.9% to $1.9 million. Sales rose 6.6% to $316 million, and same-store sales increased 1%.
Fourth-quarter results benefited from a gain of 14 cents per share on the sale of real estate. The prior-year quarter benefited from a gain of 7 cents per share on real estate sales and of 4 cents per share from a change in the effective tax rate.