Stater Bros reported an increase in second-quarter net income despite a fall in first-half profits.
The US grocery retailer reported US$8.8m net income for the quarter ended 27 March, against $6m in the same period of the previous year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
However, first-half net income fell to $10m against $12.7m in the same period of the previous year.
Excluding the impact of the sale of the group’s dairy division in the first half of 2010, net income would have been up $2.9m for the half.
Second-quarter sales were up 3.1% to $913m, while first-half sales reached $1.81bn against $1.15bn in the same quarter of the previous year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
