SALT LAKE CITY -- American Stores Co. here said sales rose 10.9% for the quarter but slipped 0.3% for the year.
dispute in Lucky Stores' northern California division. Earnings for fiscal 1995 included gains related to the sale of Star Market and 45 Acme units as well as charges related to the closure of facilities.
Operating income increased 10.9% to $252.3 million for the quarter and 8.7% to $706.8 million for the year. Profits amounted to 5% of quarterly sales compared with 4.9% in the year-ago period, and 3.9% of annual sales compared with 3.5%.
The fourth quarter included sales and earnings for 14 weeks, compared with 13 weeks in fiscal 1995; the year included sales for 53 weeks, compared with 52 weeks last year.
4TH-QUARTER RESULTS
Qtr Ended 2/3/96 1/28/95
Sales $5.1 billion $4.6 billion
Change + 10.9%
Same-store + 2.5%
Net Income $121.5 million $130.3 million
Change - 6.8%
*Inc/Share 83 cents 87 cents
53 Weeks 1995 1994
Sales $18.31 billion $18.36 billion
Change - 0.3%
Same-store + 1.4%
Net Income $316.8 million $345.2 million
Change - 8.2%
*Inc/Share $2.16 $2.33
*Note: Figures given reflect earnings per fully diluted share. Earnings per share were 83 cents for the quarter compared with 91 cents in the year-ago period and $2.16 for the year compared with $2.42.
