Last updated on June 13th, 2024 at 12:04 pm
On Aug. 9, Jack H. Brown, chairman, president and CEO of Stater Bros. Holdings Inc., announced financial results for the 13-week and 39-week periods ended June 26.
The company’s consolidated sales in the 13 weeks ended June 26 were $939 million up $39 million or 4.33 percent from the 13 weeks ended June 27, 2010.
At $2.751 billion, the company’s supermarket sales for the 39 weeks ended June 26 were up $45.6 million over the same period of fiscal 2010.
The company reported net income for the 13-week third quarter ended June 26, 2011 of $7.1 million compared to net income of $6 million for the 13-week third quarter ended June 27, 2010. Net income for the 39-week period of fiscal 2011 was $17.1 million compared to $18.7 million for the 39-week period of fiscal 2010.
Brown said in a press release, “We are pleased with our like-store-sales increase for the quarter and for the year. Our customer count has increased approximately 1.4 million in fiscal 2011 compared to fiscal 2010 and is due to the loyalty of our customers, many of whose families we have served for over three generations.
“Our sales and customer count increases indicate that our valued customers appreciate our strategy of ‘sharing their pain’ by holding our prices as low as we can to help them through these tough economic times.”
