USA: Dairy Mart posts disappointing Q4 results, will sell 200 outlets
Dairy Mart Convenience Stores Inc has posted disappointing financial results for the fourth quarter of 2000 (ending 3 February), with a loss of US$22.5m, or US$4.51 a share. Revenue during Q4 rose 16% to US$174.2m but the 550-strong chain, based in Hudson, Ohio, said that it would now have to sell about 200 of its outlets because they do not meet the internal profitability criteria.
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