View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
August 14, 2013

US: Stater Bros Q3 earnings, sales up

Stater Bros. saw both its earnings and sales climb in its third quarter as the regional US retailer kept its prices low to retain customers.

Stater Bros. saw both its earnings and sales climb in its third quarter as the regional US retailer kept its prices low to retain customers.

Net profit reached US$10m in the three months to the end of June, a 36.9% increase on the prior year. Operating profit was up 15.2% to $23.9m.

Sales in the period were up 2% to $968.8m, while like-for-like store sales grew 3.18%.

“We believe that these growths are due to our valued customers’ positive response to our low-price marketing strategy of keeping our prices as low as possible during these continued challenging economic times while continuing to provide our customers the service and value they deserve on each of their visits to their local Stater Bros. Supermarket,” said CEO Jack Brown.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU