IE Business Daily Business news for the Inland Empire.
Stater Bros. Holdings Inc., the parent company of Stater Bros. Markets, reported healthy sales and earnings for the second quarter of its current fiscal year.
The San Bernardino-based grocery store chain recorded sale of $963.8 million during the 13-week period that ended March 30, up 0.2 percent compared with the same period in 2013, according to multiple published reports.
Net income for that period was $19.2 million, and gross profit margins were 27.6 percent of sales, up from 26.9 percent for the same period in 2013, according to the reports.
“We are pleased with our sales growth in the second quarter of fiscal 2014 given the extremely competitive environment in Southern California,” said Jack Brown, Stater Bros.’ chairman, president and chief executive officer, in a statement. “We continue to be the number one full-service supermarket chain in Southern California.”
