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Stater Q4 Earnings Dip, Sales Flat
Stater Bros. Holdings said earnings fell and sales were up less than 1% for the year and fourth quarter that ended Sept. 27.
Elliot Zwiebach
December 18, 2009
1 Min Read
ELLIOT ZWIEBACH
SAN BERNARDINO, Calif. — Stater Bros. Holdings here said earnings fell and sales were up less than 1% for the year and fourth quarter that ended Sept. 27.
Net income for the year fell 14.3% to $34.8 million, while sales rose 0.7% to $3.77 billion and same-store sales were flat; for the quarter, net income fell 30.6% to $5 million and sales climbed 0.7% to $947.2 million, while comps were flat.
"Our economy continues to hamper growth," Jack Brown, chairman and chief executive officer, said. "We continue to focus on the values we can pass on to customers so they get the most out of their shopping dollars while providing a friendly and satisfying exerience on each visit. We remain committed to controlling costs as we weather the effect of these economic times."
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