Price Co. Reports 33% Rise in Income
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Price Co. announced that its net income rose 33% to $18.3 million and revenue increased 50% to $815.6 million for the first quarter ended Dec. 22.
Sales in Price Clubs that were operating during the same period last year increased by 22%, according to company Vice President Mitchell G. Lynn.
The San Diego-based firm, which operates 24 membership-only wholesale warehouses in five states, earlier announced a 2-for-1 stock split that will be effective at the close of business Friday.
The company will hold its annual meeting Tuesday in San Francisco.
For detailed data and results of other companies, please see tables, Page 7.
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