Profit soars 174% at Stater Bros.
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From Times Wire Services
Stater Bros. Holdings Inc. said fiscal third-quarter profit at the Colton-based supermarket chain jumped 174% to $15.6 million from $5.7 million a year earlier. The company posted record sales of $910.2 million, a 3% increase from a year earlier.
Same-store sales, or sales at stores open at least a year, grew almost 2% during the period.
Stater Bros. has 163 stores in Southern California and is the region’s largest independent chain.
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