Unified Earnings Fall After Year-Ago Gain

Unified Grocers said yesterday a non-recurring gain in the prior year resulted in an earnings decline for the third quarter and 39 weeks ended June 30.

LOS ANGELES — Unified Grocers here said yesterday a non-recurring gain in the prior year resulted in an earnings decline for the third quarter and 39 weeks ended June 30. Net income declined 16% to $4.3 million in the 13-week quarter and 24% to $11.3 million for the year to date, reflecting the year-ago impact of approximately $8 million from a favorable legal settlement and insurance reserve adjustments. Sales were up 8.8% to $790.6 million for the quarter and 6.3% to $2.3 billion for the ye

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