US retailer Stater Bros. has reported a drop in third-quarter profits as an increase in costs offset higher sales.

Stater Bros., which runs over 160 stores in California, booked net income of US$7.2m for the 13 weeks to 24 June. A year earlier, the retailer posted net income of $7.6m.

The retailer said its operating profit dipped from $24.4m a year ago to $23.5m.

An increase in operating expenses hit Stater Bros. profits as the retailer’s sales rose. Stater Bros. consolidated sales were up 1.1% at $949.8m. Like-store sales also increased 1.1%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData