Stater Bros. Holdings, Inc. has announced the financial results for the fiscal year ended September 27, 2009. The company reported record sales for the fiscal year at $4.77 billion, 0.7% higher than the previous fiscal year’s sales of $3.74. The company’s fourth quarter sales for fiscal 2009 were reported at $947.2 million, versus the $940.2 million earned during the 2008 fourth quarter.
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Stater Bros. net income for the fiscal year was $24.8 million. The previous year’s net income was $40.6. Fourth quarter 2009 reported a net income of $5.0 million compared to the $7.2 million earned during the 2008 fourth quarter. The full financial report may be accessed on the company’s website, http://www.staterbros.com/. For more information, contact Stater Bros. President and Chief Executive Officer Jack Brown at 909.733.5000.
Stater Bros. has no shortage of major league rivals, operating in the same crowded Southern California markets as Kroger-owned Ralphs and Safeway-owned Vons. Stater Bros. Holdings operates about 165 full-service Stater Bros. Markets in some six counties, primarily in the Riverside and San Bernardino areas. About 25 of the regional chain's grocery stores host Super Rx Pharmacies. The grocery chain, which sold its milk producing operation (Santee Dairies) to Dean Foods in 2009, plans to use the proceeds to invest in real estate and other growth opportunities. Founded in 1936 by twin brothers Leo and Cleo Stater, Stater Bros. is owned by chairman and CEO Jack Brown through La Cadena Investments.
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