HOUSTON -- Randalls Food Markets here reported sales of $579.9 million for the 12-week second quarter ended Jan. 10, an increase of 0.8% from $575.3 million in the year-ago quarter.
nterest, taxes, depreciation and amortization for the quarter increased 18.4% to $32.5 million, or 5.6% of total revenues, compared with $27.5 million, or 4.8% of total revenues, in the same quarter a year ago. Net earnings in the quarter were $7.8 million, up 70% from $4.6 million in the year-ago quarter.
Randall Onstead, president and chief executive officer, said the chain's store-remodeling program "is beginning to have positive results, and this, coupled with our new store expansion plans, should continue to result in future growth."
Randalls operates 50 Randalls stores in the Houston area, 12 in the Austin area and 52 Tom Thumb stores in the Dallas/Fort Worth area.
"We are pleased with our growth in same-store sales, our expense-management efforts and their positive impact on profitability," Onstead said.
