FREEHOLD, N.J. -- Foodarama Supermarkets here said net income fell 66.9% to $40,000 in the first quarter ended Jan. 29. 21 stores, compared with 26 stores a year ago. Joseph Saker, chairman and chief executive officer, said the results demonstrate the company's ability to improve its operating results. A company spokesman said the improvement referred to is a comparison with results in last year's third and fourth quarters, during which the company experienced losses. A portion of the ...

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