Fiscal Q3 a Flat One for Stater Bros.
A third quarter Easter holiday wasn’t enough to grow sales for regional independent Stater Bros., which remained basically flat for both the quarter and year to date.
“During these tough economic times, we remain committed to assisting our valued customer by providing them the best possible purchasing value for their shopping dollar and by providing friendly service and a satisfying shopping experience on each and every one of their visits to our supermarkets,” said Jack H. Brown, chairman, president, and CEO of San Bernardino-Calif.-based Stater Bros.
Sales for the 13-week third quarter ended June 28, 2009, decreased 0.43 percent to $928.6 million, compared with $932.7 million last year. The Easter holiday fell in the second quarter of fiscal 2008 and in the third quarter of fiscal 2009. After taking into consideration the timing effect of the Easter holiday, same-store sales decreased 1.81 percent for the quarter.
Total sales for the 39 weeks ended June 28, 2009, increased $17.8 million, or 0.64 percent, to $2.82 billion, compared with last year’s $2.80 billion. Year-to-date like-store sales increased 0.09 percent over 2008.
Stater Bros.’ net income was $15.1 million, a jump up from last year’s $9.2 million. Year-to-date net income, however, dropped to $29.8 million in 2009 from $33.5 million last year.
“During these tough economic times, we remain committed to assisting our valued customer by providing them the best possible purchasing value for their shopping dollar and by providing friendly service and a satisfying shopping experience on each and every one of their visits to our supermarkets,” said Jack H. Brown, chairman, president, and CEO of San Bernardino-Calif.-based Stater Bros.
Sales for the 13-week third quarter ended June 28, 2009, decreased 0.43 percent to $928.6 million, compared with $932.7 million last year. The Easter holiday fell in the second quarter of fiscal 2008 and in the third quarter of fiscal 2009. After taking into consideration the timing effect of the Easter holiday, same-store sales decreased 1.81 percent for the quarter.
Total sales for the 39 weeks ended June 28, 2009, increased $17.8 million, or 0.64 percent, to $2.82 billion, compared with last year’s $2.80 billion. Year-to-date like-store sales increased 0.09 percent over 2008.
Stater Bros.’ net income was $15.1 million, a jump up from last year’s $9.2 million. Year-to-date net income, however, dropped to $29.8 million in 2009 from $33.5 million last year.