Skip navigation

IMPROVED OPERATIONS CITED AS RESULTS CLIMB AT SHULTZ

SHEBOYGAN, Wis. -- Shultz Sav-O Stores, which operates 16 corporate Piggly Wiggly stores and supplies 70 franchise units, said sales and earnings for the first half of 1997 benefited from continued improvements in retail operations, including higher gross margins, and the closing of two underperforming units last year. r share, for the 12-week second quarter ended July 12, an increase of 13.6% compared

SHEBOYGAN, Wis. -- Shultz Sav-O Stores, which operates 16 corporate Piggly Wiggly stores and supplies 70 franchise units, said sales and earnings for the first half of 1997 benefited from continued improvements in retail operations, including higher gross margins, and the closing of two underperforming units last year.

r share, for the 12-week second quarter ended July 12, an increase of 13.6% compared with $1.58 million, or 33 cents per share, in the second quarter of 1996. Sales in the quarter were up 4.1% to $109.8 million, compared with $105.5 million in the year-ago quarter.

For the 28 weeks ended July 12, earnings increased 19.1% to $3.38 million, or 70 cents per share.

2nd-QUARTER RESULTS

Qtr Ended 7/12/97 7/13/96

Sales $109.8 million $105.5 million

Change +4.1%

Same-store N/A

Net Income $1.79 million $1.58 million

Change + 13.6% Inc/

Share 37 cents 33 cents

28 Weeks 1997 1996

Sales $248.67 million $239.62 million

Change + 3.8%

Same-store N/A

Net Income $3.38 million $2.84 million

Change + 19.1%

Inc/Share 70 cents 59 cents

Not available.