Exhibit 99.1
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, August 8, 2006
STATER BROS. HOLDINGS INC. ANNOUNCES THIRD QUARTER RESULTS
SALES INCREASE DURING QUARTER AND 39 WEEKS
Colton, California. August 8, 2006; Today, Jack H. Brown, Chairman, President and Chief Executive Officer of Stater Bros. Holdings Inc. announced financial results for the thirteen week third quarter and thirty-nine week year-to-date period ended June 25, 2006.
Sales for the thirteen week third quarter ended June 25, 2006, compared to the third quarter 2005, increased $45.5 million or 5.4% and amounted to $885.9 million compared to $840.4 million for the thirteen weeks ended June 26, 2005. Total sales for the thirty-nine weeks ended June 25, 2006, increased $94.2 million or 3.7% and amounted to $2.62 billion compared to $2.52 billion for the same period in fiscal 2005.
Like store sales for the quarter 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 2.3% for the third quarter of fiscal 2006 over fiscal 2005. Like store sales increased 1.0% for the year-to-date period of fiscal 2006 over fiscal 2005.
The Company reported net income for the thirteen week third quarter ended June 25, 2006 of $5.7 million compared net income of $7.3 million for the thirteen weeks ended June 26, 2005. Net income for the fiscal year-to-date periods amounted to $15.3 million in 2006 and $14.1 million in 2005.
Brown said; “The third quarter results reflected positive operating performance due to the dedicated efforts of our Stater Bros. Family members, despite continued competitive pricing pressures. We remain committed to our ‘Valued Customers’ to provide a friendly and satisfying shopping experience on each and every one of their visits to our supermarkets and maintain our commitment to being the low price leader.”
Stater Bros. Holdings Inc. is the largest privately held Supermarket Chain in Southern 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” diary products in Southern California.
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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