business news in context, analysis with attitude

  • Stater Bros. Holdings Inc. announced record sales for the fifty-two week fiscal year ended September 29, 2002. The company set a sales record for the fifty-two week 2002 fiscal year, with sales for fiscal 2002 reaching $2.666 billion, an increase of 3.6% when compared to sales of $2.574 billion for the fifty-three week 2001 fiscal year and sales increased 5.6% after converting fiscal 2001 to a comparable fifty-two week year. Sales for the thirteen-week fourth quarter ended September 29, 2002 (fiscal 2002) were $676.8 million, a decrease of 2.9% when compared to $696.8 million for the fourteen-week fourth quarter ended September 30, 2001 (fiscal 2001).

    The company reported a net income of $11.8 million for the fiscal year 2002 compared to $7.8 in fiscal year 2001. The results for the fourth quarters of 2002 and 2001 were net income of $652,000 and $2.4 million, respectively.

KC's View: