Q3 Sales, Earnings Up at Unified Grocers

Unified Grocers said yesterday gains from acquired distribution business in Seattle and a broad variety of offerings to meet changing consumer demand helped boost sales and earnings for the third quarter and 39 weeks ending June 28.

LOS ANGELES — Unified Grocers here said yesterday gains from acquired distribution business in Seattle and a broad variety of offerings to meet changing consumer demand helped boost sales and earnings for the third quarter and 39 weeks ending June 28. Net income for the member-owned cooperative rose 11% to $4.8 million for the 13-week quarter and 7.7% to $12.2 million for the year to date. The company said increases from the former operations of Associated Grocers, Seattle, which Unified acquired last fall, combined with inventory holding gains resulting from vendor price increases, helped propel income. Sales jumped 28.6% to $1 billion for the quarter, including $194.5 million worth of business gained in the Pacific Northwest from the AG acquisition; Unified said continued growth in its existing customer base, plus inflation, contributed an additional 3% in sales gains. For the 39-week period net income increased 31.6% to $3.1 billion, including $617.3 million from the acquisition.

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