WESTERN BEEF SALES, NET DOWN
RIDGEWOOD, N.Y. -- Western Beef here reported that sales and earnings decreased in the second quarter and half-year ended June 30.om $1.24 million.For the six months, sales dropped 3.7% to $140.6 million from $146 million. Net income declined 4.7% to $1.95 million from $2.05 million.During the second quarter, the company took on charges of approximately $500,000 related to two store openings and the
August 21, 1995
RIDGEWOOD, N.Y. -- Western Beef here reported that sales and earnings decreased in the second quarter and half-year ended June 30.
om $1.24 million.
For the six months, sales dropped 3.7% to $140.6 million from $146 million. Net income declined 4.7% to $1.95 million from $2.05 million.
During the second quarter, the company took on charges of approximately $500,000 related to two store openings and the construction of a third store.
"The [quarterly] sales decline results primarily from a decrease in same-store sales, and the closing of a small wholesale produce business," the company said.