MILAN, Ill. -- Eagle Food Centers here said a glut of competitive openings resulted in lower sales for the year and fourth quarter ended Feb. 1. The company also said it had net income for both periods, including its first year-end profit in three years. Fiscal 1996 had 52 weeks and a 13-week fourth quarter, while fiscal 1995 had 53 weeks, with a 14-week fourth quarter. Net income for the year was $3.2 million, compared with a net loss of $18.7 million a year ago, which included charges ...
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