SALT LAKE CITY -- Smith's Food & Drug Centers here said sales and operating cash flow increased for the first quarter ended April 5. , Phoenix, last spring make quarterly comparisons meaningless. Smith's said it had a net loss of $18.2 million for the 14-week quarter, following an extraordinary charge of $25 million net representing a writeoff of deferred financing costs related to its existing bank term debt. Sales for the quarter rose 20% to $831.8 million, and same-store sales rose ...

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