COLTON, Calif. - Stater Bros. Holdings said promotional activity related to the holiday season impacted profitability in its fiscal first quarter, which ended Dec. 25, 2005.
R> The company, which operates 163 supermarkets,
said first-quarter net income was basically flat at $3.3 million, while sales increased 3.33%, to $867 million, compared with the year-ago first quarter. Comparable-store sales increased 0.28% for the 13-week period.
Operating expenses in the recent period were 24.12% of sales, vs. 23.67% of sales in the year-ago first quarter.
