COLTON, Calif. -- Stater Bros. Holdings here said last week that sales rose and earnings were positive for the second quarter and 26 weeks ended March 25.
arter and 2.7% for the half. Net income was $1.4 million for the quarter and $3.2 million for the half, compared with losses in both periods a year ago because of costs from the acquisition, remodeling and remerchandising of 43 former Albertson's locations.
The company said same-store sales comparisons between quarters were difficult because Christmas Day, the only day Stater stores are closed, fell within this year's second quarter and last year's first quarter.
Operating cash flow rose 325% to $22.1 million for the quarter and 57.3% to $45 million for the half.
According to Jack Brown, chairman, president and chief executive officer, "Second-quarter results continue to reflect the improved execution of our plan of obtaining increased sales while continuing to improve operating cash flow. Our sales momentum will help us reach this plan as we continue to review areas for improvement both in gross profit and operating expenses -- the two areas that have become our major focal points as we focus on the energy crisis that faces the company."
