OKLAHOMA CITY -- Scrivner here said net income increased 56.9% to $6.2 million in the first quarter ended March 19.
lies almost 2,900 stores, did not break down sales for its retailing and wholesaling operations.
As reported, Scrivner's parent company, Franz Haniel & Cie. of Germany, agreed earlier this month to sell Scrivner to Fleming Cos., also based here. The deal could close by mid-summer.
The earnings increase was due to an easier comparison with last year's quarter, when Scrivner acquired 33 stores in New York from Peter J. Schmitt Co., a Scrivner executive told SN. Operating profit increased 12.3% in the quarter to $21.9 million.
