USA: Uni-Marts reveals 4.7% drop in Q2 revenues
US grocer Uni-Marts has reported revenues of US$92.2m for the second fiscal quarter ended 4 April 2002, a decline of 4.7% year on year caused by a drop in the average retail price of petrol per gallon. The company reported a Q2 net loss of US$1.1m, or US$0.16 per share, compared to a net loss of US$1.2m, or US$0.17 per share, for the second quarter of the prior fiscal year. At comparable stores, merchandise sales increased by 6.8%, while gasoline gallons sold declined by 4.7%, from Q2 2001 levels.
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