SALT LAKE CITY -- Smith's Food & Drug Centers here reported increased overall sales but lower same-store sales for the third quarter ended Oct. 1. ose 68% to $13.3 million. Last year's third-quarter income was reduced by a tax-rate adjustment of $2.6 million, or 9 cents per share. After adjusting for the change, net income for the quarter was up 27%. Robert D. Bolinder, Smith's executive vice president, said the earnings improvement for the third quarter can be attributed to increased ...
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