ANCHORAGE, Alaska -- Carr Gottstein Foods here reported sales gains but net losses for the third quarter and 39 weeks ended Sept. 29.
the Carrs Quality Center combination stores were up 0.2% vs. a 3.8% gain for the smaller-format Eagle Quality Centers. For the nine months, same-store sales for Carrs inched up 0.4% vs. 1.8% for Eagle.
Carr Gottstein said a $64,000 net loss in the quarter, compared with $1.5 million in net income a year earlier, reflected interest cost hikes from the company's self-tender for about 49% of its outstanding common stock, completed in November 1995, plus hikes in depreciation and amortization. A $2.1 million net loss was reported for the 39 weeks vs. net income of $5.4 million a year ago.