SAN BERNARDINO, Calif. — Stater Bros. Holdings here said earnings rose and sales declined for the fiscal third quarter and the 39-week year-to-date period, which ended June 28.
Net income for the 13-week quarter rose 64.1% to $15.1 million while sales dropped 0.43% to $928.6 million and like-store sales, excluding the shift of the Easter holiday from last year's second quarter, declined 1.8%. For the year to date, net income fell 11% to $29.8 million, while sales rose 0.6% to $2.8 billion and like store sales, excluding the Easter shift, rose 0.09%.
"During these tough economic times, we remain committed to assisting our customers by providing them the best possible purchasing value for their shopping dollar," said Jack Brown, chairman and chief executive officer.
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