INDIANAPOLIS -- Marsh Supermarkets here said sales increased for the year and fourth quarter ended March 29. However, while earnings for the quarter were up, a onetime charge for adoption of a new benefit plan resulted in a net loss for the year.
plan -- while net income for the 12-week fourth quarter rose 14.5% to $2.1 million, the third consecutive quarter of double-digit percentage increases, the company pointed out.
Sales and other revenues rose 4.1% for the year to $1.45 billion and 4% for the quarter to $328.7 million. Same-store sales rose 2.1% for the quarter; for the year, same-store sales rose 0.8%.
4TH-QUARTER RESULTS
Qtr. Ended 3/29/97 3/30/96
Sales $328.7 million $316.0 million
Change +4%
Same-store +2.1%
Net Income $2.1 million $1.9 million
Cgange +14.5%
Inc/Share 25 cents
52 Weeks 1997 1996
Sales $1.45 billion $1.39 billion
