PORTLAND, Ore. -- Fred Meyer Inc. here reported that net sales increased, but same-store sales and earnings decreased, in the second quarter and first half ended Aug. 12. For the quarter, sales increased 5.2% to $775.8 million. Overall, comparable-store sales decreased 1.2%. Comparable nonfood sales decreased 3.1% but comparable food sales increased 1.5%. Net income dropped 44.3% to $10.7 million in the quarter. Income from operations dropped 30.8% to $25.2 million. For the 28 weeks, net ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.