FOODARAMA SAYS STORE OPENINGS SPARK SALES

Supermarket News

Mon, 2000-09-25 12:00

FREEHOLD, N.J. -- Sales were up 12% and earnings jumped 51% during the fiscal third quarter for Foodarama Supermarkets here.d July 29, up 12% from $203.2 million. Same-store sales increased 2.5% during the period.Foodarama said a new store opened in February in Branchburg, N.J., and the April opening of a replacement store in Wall, N.J., helped spark sales.Earnings were up 51% to $636,000 of 57 cents

FREEHOLD, N.J. -- Sales were up 12% and earnings jumped 51% during the fiscal third quarter for Foodarama Supermarkets here.

d July 29, up 12% from $203.2 million. Same-store sales increased 2.5% during the period.

Foodarama said a new store opened in February in Branchburg, N.J., and the April opening of a replacement store in Wall, N.J., helped spark sales.

Earnings were up 51% to $636,000 of 57 cents per share, from $421,000 or 38 cents per share. Earnings before interest, taxes, depreciation and amortization was $6.1 million, up from $4.9 million.

For the 39 weeks ended July 29, Foodarama reported sales of $662 million, up 10% from $602 million. Earnings were up 31.7% to $1.8 million.

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