Marsh Supermarkets reported that second-quarter same-store sales fell 3.1%, due to the weak economy and new competition. Total sales for the period were $514.6 million, up from $508.2 million during the same period a year ago. The company said that second-quarter earnings before interest, taxes, depreciation and amortization was $16.7 million, up from $16.5 million last year, excluding the gain on the sale of Convenience Store Distributing Co. Quarterly income was $324,000, compared with income of $2.1 million a year earlier.
Dollar General Corp.'s fiscal third quarter showed a net income increase of 47 percent and a 14 percent increase in sales. For the quarter ended Nov. 1, the company posted net income of $68.6 million, compared with net income of $46.7 million a year earlier.
Sales rose to $1.5 billion from $1.31 billion a year earlier, mostly from 591 new stores. Same-store sales increased 5.2 percent.