MAUMEE, Ohio -- Seaway Food Town here said last week sales increased 8.1% to $169 million and net income rose 20.3% to $1.7 million for the 13-week fiscal 2000 first quarter ended Nov. 27.
up 3.6%, Iott added.
"We had a very good first quarter, one in which sales and net earnings were at an all-time high for the company's first fiscal quarter," Iott said in a statement. "This has been accomplished in a deflationary environment. We also continue to experience an excellent comparable store sales increase."
Seaway operates 47 Food Town Supermarkets and 26 The Pharm drugstores in northwestern and central Ohio and southeastern Michigan.