IE Business Daily Business news for the Inland Empire.
Stater Bros. reported a strong first quarter, bolstered by strong sales at Thanksgiving and Christmas.
The San Bernardino-based supermarket chain reported earnings of $984 million for the quarter that ended Dec. 30, according to the earnings statement the company released Tuesday.
That was a $15.3 million increase compared with the same quarter in 2012.
Total sales for all of last year were $3.9 billion, and same-store sales rose by $13.7 million, or 1.42 percent, according to the statement.
Stater Bros.’ net income for the quarter – the first of its current fiscal year – was $11.1 million, up from $5.4 million the previous year.
Jack Brown, president, chairman and chief executive officer of Stater Bros., said he was pleased with the company’s financial performance and customer count during its first quarter.
“We continue to be the number one full-service supermarket chain in Southern California,” Brown said in the statement.
Stater Bros. is the largest privately owned supermarket chain in Southern California and the largest private employer in the Inland Empire, with 167 stores and more than 18,000 employees, according to the statement.
