STAMFORD, Conn. -- Quality Food Inc., parent company of Quality Food Centers, Bellevue, Wash., reported record growth for the chain in the 12-week second quarter ended June 14.
c., Gig Harbor, Wash., operator of 25 Stock Market Foods stores in the Seattle area. The quarterly results were also aided by several new QFC store additions in the Northwest, QFI said.
Sales for the quarter were $501.1 million, an increase of 171.8% compared with sales of $184.4 million in the year-ago quarter. Net earnings were up 58.3% to $9.8 million, or 45 cents per share, compared with $6.2 million, or 42 cents per share, in the same quarter last year.
For the 24-week period, sales were $734.3 million, an increase of 103.4% over $361 million reported in the same period last year. Net earnings were up 49.1% to $16.2 million, or 86 cents per share, compared with $10.9 million, or 74 cents per share in the previous fiscal year.
