Stater Holds Line on Prices, Sees Q2 Profits Fall

SAN BERNARDINO, Calif. — Stater Bros. Markets here said last week it plans to continue investing gross margin to retain and grow its customer base. That approach is working, Jack Brown, chairman and chief executive officer, told investors in a conference call, noting that the chain's customer count increased by 3.1 million in 2008 and by 1.6 million and over the last 19 weeks, compared with year-ago

SAN BERNARDINO, Calif. — Stater Bros. Markets here said last week it plans to continue investing gross margin to retain and grow its customer base.

That approach is working, Jack Brown, chairman and chief executive officer, told investors in a conference call, noting that the chain's customer count increased by 3.1 million in 2008 and by 1.6 million and over the last 19 weeks, compared with year-ago levels.

Net income for the 13-week second quarter, which ended March 29

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