PORTLAND, Ore. -- Fred Meyer Inc. here said a series of strikes during the second half of the year reduced earnings and lowered same-store sales for the year and fourth quarter ended Jan. 28. Net income fell 89.5% to $7.2 million for the year and 71.5% to $8.6 million for the 12-week quarter. Sales rose 5% for the year to $3.13 billion and 3% for the quarter to $832 million, while same-store sales dropped 2% for the year and 2.5% for the quarter. Comparable food sales fell 3% for the year ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.