Stater Bros. Sales Up 4.7% in FY 07

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Stater Bros. Sales Up 4.7% in FY 07

SAN BERNARDINO, Calif. -- Stater Bros. Holdings Inc. posted sales of $3.7 billion, a rise of 4.7 percent, for the 53-three week fiscal year ended Sept. 30, 2007.

Excluding an extra week of sales vs. fiscal 2006, sales increased 2.9 percent.

Sales for the fourth quarter of fiscal 2007 came to $993.8 million, an increase of 11.5 percent when from the year-ago period. Excluding the extra week in that quarter, sales grew 4.2 percent.

Same-store sales for 2007 grew up 1.7 percent for the fiscal year and 2.2 percent for the fourth quarter.

The grocer reported net income of $49.4 million for the year, vs. $26.1 million in fiscal year 2006. The results for the fourth quarters of fiscal 2007 and fiscal 2006 reflected net income of $10.4 million and $10.8 million, respectively.

Stater Bros. chairman, president, and c.e.o. Jack Brown said that the company was anticipating the completion of a new distribution center at the former Norton Air Force Base in San Bernardino in early 2008, that "will provide us with the ability to continue our commitment to being the low price leader while providing a friendly and satisfying shopping experience to our customers."

The largest privately held supermarket chain in Southern California, Stater Bros. Holdings Inc. operates 164 supermarkets through its wholly owned subsidiary, Stater Bros. Markets. Stater Bros. Markets also owns and operates Santee Dairies, manufacturer of Heartland Farms dairy products.