Skip navigation

CARR GOTTSTEIN FOODS REPORTS RECORD SALES AND NET LOSS

ANCHORAGE, Alaska -- Carr Gottstein Foods here reported record sales and a net loss for the first quarter.Quality Centers increased 1.3%, and same-store sales at Carrs Quality Centers super-combination stores fell 2.1%.A loss of $1.6 million in the quarter, vs. net income of $1.2 million a year ago, includes the effect of higher interest costs related to the company's self-tender completed last November,

ANCHORAGE, Alaska -- Carr Gottstein Foods here reported record sales and a net loss for the first quarter.

Quality Centers increased 1.3%, and same-store sales at Carrs Quality Centers super-combination stores fell 2.1%.

A loss of $1.6 million in the quarter, vs. net income of $1.2 million a year ago, includes the effect of higher interest costs related to the company's self-tender completed last November, hikes in depreciation and amortization, expenses related to the chain's re-engineering project and softer same-store sales at Carrs.

1ST-QUARTER RESULTS

Qtr Ended 3/31/96 4/2/95

Sales $142.8 million $139.1 million

Change + 2.7%

Same-store + 1.3% at Eagle, - 2.1% at Carrs

Net Income ($1.6 million) $1.2 million

Inc/Share (21 cents) 8 cents