Marsh Supermarkets, Indianapolis, said sales in the 16-week second quarter ended Oct. 11 were $465.7 million, an increase of 3.7% from $449.1 million in the year-ago quarter. Comparable-store sales increased 1.5% from the corresponding period of the previous year. As a result of debt restructuring, the company took an extraordinary charge of $3.3 million, after taxes, in the quarter. After the extraordinary charge, the company had a net loss of $1.5 million in the quarter.
for the quarter. The company said results were negatively affected by reductions in food-stamp redemptions and, to a lesser degree, food price deflation.
Big V Supermarkets, Florida, N.Y., said sales for the 16-week third quarter ended Oct. 4 were $234.9 million, an increase of 5.5% over the year-ago quarter. Earnings before interest, taxes, depreciation and amortization were $13.7 million, up 72% from the comparable year-ago period. Same-store sales grew 4.7% for the quarter.
Big V, a member of the Wakefern group, Elizabeth, N.J., operates 31 stores in New York, Pennsylvania and New Jersey, mostly under the ShopRite banner.
