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SCRIVNER NET RISES 57% IN FIRST QUARTER
OKLAHOMA CITY -- Scrivner here said net income increased 56.9% to $6.2 million in the first quarter ended March 19.lies almost 2,900 stores, did not break down sales for its retailing and wholesaling operations.As reported, Scrivner's parent company, Franz Haniel & Cie. of Germany, agreed earlier this month to sell Scrivner to Fleming Cos., also based here. The deal could close by mid-summer.The earnings
June 27, 1994
1 Min Read
OKLAHOMA CITY -- Scrivner here said net income increased 56.9% to $6.2 million in the first quarter ended March 19.
lies almost 2,900 stores, did not break down sales for its retailing and wholesaling operations.
As reported, Scrivner's parent company, Franz Haniel & Cie. of Germany, agreed earlier this month to sell Scrivner to Fleming Cos., also based here. The deal could close by mid-summer.
The earnings increase was due to an easier comparison with last year's quarter, when Scrivner acquired 33 stores in New York from Peter J. Schmitt Co., a Scrivner executive told SN. Operating profit increased 12.3% in the quarter to $21.9 million.
1ST-QUARTER RESULTS
Qtr. Ended 3/19/94 3/20/93
Sales $1.35 billion $1.34 billion
Change 1.0%
Net Income $6.2 million $3.96 million
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