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 |
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P R E S S R E L E A S E
For Immediate Release
Tuesday, August 7, 2007
STATER BROS. HOLDINGS INC. ANNOUNCES THIRD QUARTER RESULTS
SALES AND NET INCOME INCREASE AT STATER BROS.
Colton, California (August 7, 2007)- 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 on June 24, 2007.
Sales for the thirteen week third quarter ended June 24, 2007, increased 2.71% to $910.2 million compared to $886.2 million for the third quarter ended June 25, 2006. Like store sales increased 1.73% or $14.7 million for the thirteen weeks ended June 24, 2007. These are record sales for the third quarter.
Total sales for the thirty-nine weeks ended June 24, 2007, increased $63.5 million or 2.43% and amounted to $2.68 billion compared to $2.62 billion for the same period in fiscal 2006. Year-to-date like store sales increased 1.55% in fiscal 2007 compared to the same period in fiscal 2006.
The Company reported net income for the thirteen week third quarter ended June 24, 2007 of $15.6 million compared to net income of $5.7 million for the thirteen weeks ended June 25, 2006. Net income for the fiscal year-to-date periods amounted to $39.0 million in 2007 and $15.3 million in 2006.
Brown said; “We are pleased with our operating results for the quarter and the first thirty-nine weeks of our fiscal year. Our sales and earnings trends continue to reflect positively on our operations. I’m especially pleased with our expense control and continued improvement in shrink management. We remain committed to our ‘Valued Customers’ and to providing them a friendly and satisfying shopping experience on each and every one of their visits to our Supermarkets. Our continued commitment to being the low price leader is even more important to the families we serve during these tight economic conditions.”
Stater Bros. Holdings Inc. is the largest privately held Supermarket Chain in Southern California and operates 163 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 70 GOLDEN YEARS
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