- New Jersey-based Foodarama Supermarkets reported that fourth quarter 2002 sales were $234.8 million, down from $249.7 million during the same period a year ago. Net income for the period was $587,000, down from fourth quarter 2001 income of $763,000.
For the full year, sales were $963.67 million, up from 2001’s sales of $945.3 million; annual net income was $3.2 million, down from the 2001 net income of $3.9 million.
- 7-Eleven posted a fourth-quarter net loss of $11.5 million, compared with a profit of $17.1 million in the fourth quarter of the previous year. Fourth-quarter revenue rose to $2.6 billion from $2.3 billion in the year-ago period.
- Starbucks Corp. posted January same-store sales that were up nine percent. The chain reported net revenues of $286 million for the four weeks ending Jan. 26, a 25 percent increase from the same period a year earlier.
- Cott Corp. posted earnings of $11.7 million for the quarter ended Dec. 28, up 27 percent from a profit of $9.2 million in the year-ago period. Fourth-quarter sales rose 11 percent to $280 million, a record, from $253 million, it said in a statement.
For fiscal 2002, Cott's net income fell to $3.9 million, compared with $39.9 million the year before. Cott said the 2002 figures included a $54.4 million extraordinary charge for the early redemption of debt and a change in accounting principles. Sales for 2002 reached $1.2 billion, up about 10 percent from $1.1 billion in 2001.
- Dole Food Company, Inc. reported an increase in fourth quarter 2002 income from continuing operations to $18.4 million, compared to $4.1 million in the fourth quarter of 2001. Full year 2002 income from continuing operations increased to $156.2 million from a loss of $37.1 million for the same period of 2001.
Revenues for the fourth quarter of 2002 increased one percent to $960.0 million. For the full year 2002, revenue increased two percent to $4.4 billion.