SAN BERNARDINO, Calif. — Stater Bros. reported its second-quarter results for the period ended March 25.
The retailer's consolidated sales for the quarter rose nearly 2.7% to $937.7 million, compared with the year-ago period, while same-store sales also rose nearly 2.7%. Second-quarter net income totaled $16.4 million, compared with $9.3 million for second quarter of the prior year.
For the first half of the year, Stater Bros. reported sales were $1.9 billion, up 4.74% from the 26-week prior-year sales of $1.8 billion, while same-store sales also rose nearly 4.74%. Net income for the first half of the year was $25.4 million, compared to $12.2 million in the prior-year period.
"During these tough economic times, we made a conscious marketing decision to help our valued customers by continuing to provide them with low prices, quality and value on each of their visits to their Stater Bros. market," Stater Bros. chairman, president and CEO jack Brown said. "By keeping our prices low, our quality high and providing our customers great customer service, we have retained our valued customers and have grown customer counts even though the economy in our marketing area continues to be challenged. We continue our company wide expense reduction programs."