COLTON, Calif. — Stater Bros. Holdings here said cannibalization by new stores hampered its comparable-store sales growth in 2006, and net income fell in part due to a decline in gross margins from higher costs and competitive pressures. For its fiscal fourth quarter, which ended Sept. 24, Stater Bros. said net income declined about 11%, to $10.8 million, on a sales gain of 4.9%, to $891.4 million, compared with year-ago results. For the full fiscal year, net income was down slightly, to ...
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.