Inflation Flattens Stater's Earnings

Efforts to keep prices down resulted in strong sales but flat earnings during the fiscal second quarter for Stater Bros. Holdings, the retailer here said. Net income for the 13-week quarter that ended March 30 was $13.5 million, identical to net income a year ago, while sales rose 7% to $925.4 million and comparable-store sales climbed 3.7%, excluding shifts in the Christmas

San Bernardino, Calif. — Efforts to keep prices down resulted in strong sales but flat earnings during the fiscal second quarter for Stater Bros. Holdings, the retailer here said.

Net income for the 13-week quarter that ended March 30 was $13.5 million, identical to net income a year ago, while sales rose 7% to $925.4 million and comparable-store sales climbed 3.7%, excluding shifts in the Christmas and Easter holidays. For the year to date, net income rose 4.3% to $24.3 millio

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