PORTLAND, Ore. -- Fred Meyer Inc. here said last week the acquisition of Smith's Food & Drug Centers, Salt Lake City, Sept. 9 resulted in significant improvements in sales and operating income for the third quarter and 40 weeks ended Nov. 8. 7.8% and nonfood sales up 9.9% -- and 7.2% for the nine months -- with food up 6.2% and nonfood up 8.9%. Operating income increased 223.1% to $59.9 million for the quarter, compared with $18.5 million a year ago -- or 32.4% excluding Smith's -- ...
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