Skip navigation

CARR GOTTSTEIN POSTS LOSSES

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

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.

3RD-QUARTER RESULTS

Qtr Ended 9/29/96 10/1/95

Sales $158.5 million $155.7 million

Change + 1.8%

Same-store + 0.2% Carrs, + 3.8% Eagle

Net Income ($64,000) $1.5 million

Inc/Share (1 cent) 10 cents

39 Weeks 1996 1995

Sales $462.3 million $449.4 million

Change + 2.9%

Same-store + 0.4% Carrs, + 1.8% Eagle

Net Income ($2.1 million) $5.4 million

Inc/Share (27 cents) 35 cents