SAN BERNARDINO, Calif. — Stater Bros. Holdings here said last week it was disappointed with the earnings decline in its fiscal first quarter, but enthusiastic that low margins have helped boost customer counts.
“We'd like to see more on the bottom line, but customer count is our adrenaline,” Jack Brown, chairman and chief executive officer, said during a call with investors.
Net income for the quarter, which ended Dec. 28, fell 68% to $3.5 million, compared with $10.8 million a year ago. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.
Already registered? Log In