Net income triples at Stater Bros.

By Jerry Hirsch

Feb. 8, 2007 12 AM PT

Profit tripled at the Stater Bros. supermarket chain in the latest quarter, the Colton-based company said Wednesday.

Stater Bros. Holdings Inc. said improved profit margins and declining expenses pushed its net income for its fiscal first quarter ended Dec. 24 to $9.9 million from $3.3 million.

With 162 stores, Stater Bros. is the largest privately held supermarket chain in Southern California. It discloses its earnings and sales because the company has public bonds.

Sales rose 4.3% to $904 million in the quarter. Same-store sales, an important measure of a retailer’s health, increased 1.4%.

-- Jerry Hirsch

More to Read

Business

Jerry Hirsch

A third-generation Angeleno, Jerry Hirsch covered the automotive industry for the Los Angeles Times. He wrote frequently about consumer and safety issues in the car business and the relationship between the auto industry and the state and national economies. He has a master’s degree from Northwestern University’s Medill School of Journalism. He left The Times in 2015.

Net income triples at Stater Bros.

More to Read

More From the Los Angeles Times