You are here
Helping shoppers stretch their dollars helped Stater Bros. Holdings grow its sales for its fiscal year 2009, hitting $3.77 billion, an increase of 0.7 percent over 2008’s $3.74 billion.
“Our economy continues to hamper growth and has had a negative effect on the family budgets of our valued customers,” said Jack Brown, chairman, president, and CEO of the San Bernardino, Calif.-based independent. “We continue to focus on the values we can pass on to our customers so they get the most out of their shopping dollars, while providing a friendly and satisfying experience on each and every one of their visits to our supermarkets. We remain committed to controlling costs as we weather the effect of these economic times.”
The grocer’s sales for the fourth quarter of fiscal 2009 were $947.2 million, up from $940.2 million last year.
Stater Bros. reported net income of $34.8 million for the 2009 fiscal year, down from $40.6 million in the 2008 fiscal year. Net income for the quarter was $5 million, down from $7.2 million in the year-ago period.
The grocer operates 167 supermarkets in Southern California.