COLTON, Calif. -- Stater Bros. Holdings, parent company of Stater Bros. Markets here, said the addition of 43 acquired stores boosted sales and operating cash flow to record levels for the first quarter ended Dec. 26.
out 0.7% resulting from overlap of acquired stores with existing units.
Net income fell 17.4% to $1.9 million for the quarter, while operating cash flow rose 53% to $23.4 million, compared with $15.3 million a year earlier.
Jack Brown, chairman, president and chief executive officer, said the financial results for the quarter exceeded the company's expectations. Stater operates 155 supermarkets.