Stater Bros 8-K Stater Bros. Holdings Inc. Announces Sales and Customer Count Increases In the Second Quarter of 2011

EXHIBIT 99.1

STATER BROS. HOLDINGS INC. ANNOUNCES
SALES AND CUSTOMER COUNT INCREASES IN THE SECOND QUARTER OF 2011

SAN BERNARDINO, CALIFORNIA (May 10, 2011)- Today, Jack H. Brown, Chairman, President and Chief Executive Officer of Stater Bros. Holdings Inc. announced financial results for the thirteen week and twenty-six week periods ended March 27, 2011.

The Company’s consolidated sales in the thirteen weeks ended March 27, 2011 were $913.4 million up $27.9 million or 3.15% from the thirteen weeks ended March 28, 2010 consolidated sales of $885.5 million.

At $1.81 billion, the Company’s twenty-six weeks ended March 27, 2011 supermarket sales were up $6.6 million over the same period of fiscal 2010.

Like store sales increased 3.15% or $27.9 million for the thirteen weeks ended March 27, 2011 compared to the thirteen weeks ended March 28, 2010. Like store sales increased 0.37% or $6.6 million for the twenty-six weeks of fiscal 2011 compared to the same period of the prior year.

The Company reported net income for the thirteen week second quarter ended March 27, 2011 of $8.8 million compared to net income of $6.0 million for the thirteen week second quarter ended March 28, 2010. Net income for the twenty-six week period of fiscal 2011 was $10.0 million compared to $12.7 million for the twenty-six week period of fiscal 2010. Fiscal 2010 year-to-date net income included an after-tax gain of $5.6 million from the sale of the Company’s dairy assets. Excluding the after-tax gain in fiscal 2010, year-to-date net income for fiscal 2011 increased $2.9 million over net income from the prior year.

Brown said, “These results are due to the dedication of the Stater Bros. ‘Family’ and the loyalty of our customers many of those whom we have served for over three generations.”

“I am especially proud of our increases in the second quarter of nearlyone million customers who appreciate our commitment to help their families during these ‘tough times’ by keeping our low prices and sharing their pain.”

Stater Bros. is the largest privately owned Supermarket Chain in Southern California and the largest private employer in both San Bernardino County and Riverside County, with annual sales in 2010 of $3.6 billion. The Company currently operates 167 Supermarkets, and there are over 18,000 members of the Stater Bros. Supermarket Family.

STATER BROS ... PROUDLY SERVING SOUTHERN CALIFORNIA FAMILIES FOR 75 YEARS

# # #

STATER BROS. HOLDINGS INC.
Condensed Consolidated Balance Sheets
(In thousands)
Unaudited

	09/26/10		03/27/11
Assets
Current assets
Cash and cash equivalents	$	325,005	$	172,888
Restricted cash		3,121		3,121
Receivables, net		35,614		42,549
Inventories		203,702		235,608
Other		56,107		53,330
Total current assets		623,549		507,496
Property and equipment, net		644,064		628,173
Deferred debt issuance costs, net		8,074		11,729
Other		47,100		49,390
Total assets	$	1,322,787	$	1,196,788
Liabilities and stockholder’s equity
Current liabilities
Accounts payable	$	135,642	$	139,659
Accrued expenses and other liabilities		147,972		141,374
Current portion of long-term debt		133,812		8,819
Total current liabilities		417,426		289,852
Long-term debt, less current portion		677,750		677,750
Capital lease obligations, less current portion		2,206		1,449
Other long-term liabilities		152,272		159,106
Total stockholder’s equity		73,133		68,631
Total liabilities and stockholder’s equity	$	1,322,787	$	1,196,788

STATER BROS. HOLDINGS INC.
Condensed Consolidated Statements of Income
(In thousands)
Unaudited

	13 Weeks			13 Weeks			26 Weeks			26 Weeks
	Ended			Ended			Ended			Ended
	03/28/10			03/27/11			03/28/10			03/27/11
Sales	$	885,537		$	913,397		$	1,809,401		$	1,812,434
Gross profit		236,445			245,137			474,595			483,910
Operating expenses:
Selling, general and administrative expenses		198,018			205,959			403,306			409,477
Gain on sale of dairy assets		(1,446	)		—			(9,396	)		—
Depreciation and amortization		12,788			12,071			25,454			24,515
Total operating expenses		209,360			218,030			419,364			433,992
Operating profit		27,085			27,107			55,231			49,918
Interest income		26			216			85			475
Interest expense		(17,374	)		(12,637	)		(34,563	)		(33,610	)
Other income (expenses), net		16			2			5			(90	)
Income before income taxes		9,753			14,688			20,758			16,693
Income taxes		3,786			5,914			8,080			6,655
Net income	$	5,967		$	8,774		$	12,678		$	10,038