SALT LAKE CITY - American Stores Co. here reported increased sales and earnings for the fourth quarter ended Jan. 29. The company also posted decreased sales and increased earnings for the year. Net income rose 19% for the year and 7.3% for the quarter, while sales fell 1.5% for the year to $18.8 billion and rose 0.4% for the quarter to $4.9 billion. Same-store sales fell 0.4% for the year and 1% for the quarter. Fourth-quarter earnings were impacted by nonrecurring items totaling $11.1 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.