KANSAS CITY, Kan. -- Associated Wholesale Grocers here outlined a theme of "investing for the future" in explaining unusual expenditures and reduced earnings. "Investments in technology and operations, vital to the company and our members' future, were undertaken and are reflected in the year's sales and patronage figures," said the wholesaler's annual report. Net earnings in 1997 were $63.9 million, down 4.3% from the year prior. Sales of $3.1 billion were essentially unchanged from 1996. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.