EXHIBIT 99.1
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21700 Barton Road
P.O. Box 150
Colton, California 92324 | |
Contact:
Phil Smith
Stater Bros. Holdings Inc.
(909) 783-5287 |
P R E S S R E L E A S E
For Immediate Release
Tuesday, May 9, 2006
STATER BROS. HOLDINGS ANNOUNCES SECOND QUARTER RESULTS
SALES AND NET INCOME INCREASE AT STATER BROS.
Colton, California. May 9, 2006; Today, Jack H. Brown, Chairman, President and Chief Executive Officer of Stater Bros. Holdings Inc. announced financial results for the thirteen week second quarter and twenty-six week year-to-date period ended on March 26, 2006.
Sales for the thirteen week second quarter ended March 26, 2006, compared to the second quarter 2005, increased $20.7 million or 2.46% and amounted to $863.5 million compared to $842.9 million for the thirteen weeks ended March 27, 2005. Total sales for the twenty-six weeks ended March 26, 2006, increased $48.6 million or 2.89% and amounted to $1.73 billion compared to $1.68 billion for the same period in fiscal 2005.
Like store sales were impacted by the timing of the Easter holiday, which fell in the third quarter of the current year compared to the second quarter of fiscal 2005. Easter added approximately $7.8 million to fiscal 2005 second quarter sales. After taking the effect of the Easter holiday, like store sales increased 0.36% for the quarter and 0.32% for the year-to-date periods of fiscal 2006 over the same periods of fiscal 2005.
The Company reported net income for the thirteen week second quarter ended March 26, 2006 of $6.2 million compared to net income of $3.6 million for the thirteen weeks ended March 27, 2005. Net income for the fiscal year-to-date periods amounted to $9.5 million in 2006 and $6.9 million in 2005.
Brown said; “We were pleased with our operating results and look forward to the challenges of a changing marketplace. All of our “Valued Customers” have the Stater Bros. Family’s commitment to provide a friendly and satisfying shopping experience on each and every one of their visits to our Supermarkets and our commitment to being the low price leader.”
Stater Bros. Holdings Inc. is the largest privately held Supermarket Chain in California and operates 162 supermarkets through its wholly owned subsidiary, Stater Bros. Markets. Stater Bros. Markets also owns and operates Santee Dairies, manufacturer of quality “Heartland Farms” dairy products.
For information contact: Jack H. Brown, Chairman, President and Chief Executive Officer at (909) 783-5000.
STATER BROS. MARKETS...SERVING SOUTHERN CALIFORNIA FOR 69 GOLDEN YEARS
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