MARSH RESULTS RISE DURING FIRST QUARTER

Supermarket News

Mon, 1998-08-03 12:00

INDIANAPOLIS -- Marsh Supermarkets here said sales and earnings were up for the first quarter ended June 20. resulting from a refinancing during last year's second quarter, the company said.Sales and other revenues rose 4.9% to $360.6 million, and comparable-store sales rose 3.3%. The company said comps were favorably affected by the timing of the Easter holiday selling season.During the quarter the

INDIANAPOLIS -- Marsh Supermarkets here said sales and earnings were up for the first quarter ended June 20.

resulting from a refinancing during last year's second quarter, the company said.

Sales and other revenues rose 4.9% to $360.6 million, and comparable-store sales rose 3.3%. The company said comps were favorably affected by the timing of the Easter holiday selling season.

During the quarter the company said it converted a 28,000-square-foot Marsh store to the LoBill format; opened two new Village Pantry convenience stores; and closed one LoBill and seven older Village Pantry units. Just after the end of the quarter the company replaced a 38,000-square-foot Marsh store with an 81,000-square-foot unit.

Syndicate