Schultz Sav-O Stores, Inc. (Nasdaq: SAVO) yesterday reported record sales and earnings per share for the first quarter of 2001 ending April 21, 2001. Net sales for the first quarter of 2001 were a record $155.7 million, a 5.4% increase over last year's first quarter sales of $147.7 million. Net earnings for the first quarter of 2001 were $1.89 million, an increase of 1.2% over net earnings of $1.87 million for the same period in 2000. Diluted earnings per share for the first quarter of 2001 were a record $0.34, a 9.7% increase over diluted earnings per share of $0.31 for the same period of 2000.