SHEBOYGAN, Wis. -- Schultz Sav-O Stores here reported that net sales were down but earnings increased for the third quarter and nine months ended Oct. 7.
llion. Earnings, however, rose 10.5% to $4.2 million.
The company attributed its sales decreases to the termination of a three-store wholesale customer in Illinois in February 1994; the sale of one corporate retail store and its conversion into a franchise unit at the end of fiscal 1994; and the close of one corporate store in February 1995.
