MAUMEE, Ohio -- Seaway Food Town here said it had record earnings and increased sales for the year ended Aug. 29 -- the company's third consecutive year of record results. conversions, increased 0.3%. For the 13-week fourth quarter, net income fell 7.7% to $1.8 million, while sales increased 2.3% to $156.7 million and comparable-store sales rose 2%. Richard B. Iott, president and chief executive officer of the 70-store chain, said the company ended the year "with a strong balance sheet, ...
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.