Stater Bros. Profit Triples

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Stater Bros. Holdings Inc. reported Thursday first quarter net income of $9.9 million, about triple the $3.3 million for the same period a year earlier.


Sales for the Colton company were up 4.3 percent to $904 million, thanks to increased profit margins and declining expenses, the grocer said in a statement.


Same-store sales, a key indicator, also increased 1.4 percent, though there was one extra day of sales during the quarter.


Privately owned Stater Bros. owns and operates 162 stores in the Southern California area. It reports earnings because it has publicly held debt.

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