Stater Bros. continued to benefit from the Southern California grocery strike, posting record sales and earnings for its fiscal first quarter ended December 28th. Sales rose by 51% for the quarter to $1.03 billion, and net income soared to $34.6 million from $2.9 million in the year earlier period.
Convenience store chain 7-Eleven Inc. reported that January 2004 sales were $878.4 million, an increase of 7.6 percent over the January 2003 total of $816.0 million. Total merchandise sales for January 2004 were $583.6 million, an increase of 5.1 percent over the January 2003 total of $555.1 million. Gasoline sales for January 2004 were $294.8 million, a 13.0 percent increase compared to $260.9 million in the prior-year period.
US same-store merchandise sales for January 2004 increased 4.8 percent, on top of a 5.9 percent increase in January 2003.
Coca-Cola Co. posted fourth-quarter net income of $927 million, compared with $930 million in the same period in 2002. Revenue rose to $5.18 billion from $4.8 billion.
Wal-Mart de Mexico (Walmex) reported fourth-quarter net profit that was the equivalent of $211 million (US), compared with $197 million (US) during the same period a year ago. Sales for the quarter were $3.3 billion, up nine percent from the same period in 2002.
PriceSmart, Inc., which operates warehouse club stores in Asia, the Caribbean, and Latin America, reported that January 2004 net sales decreased 5.8 percent to $45.6 million from $48.5 million a year earlier, while same-store sales were off 2.4 percent. For the five months ended January 31, 2004, net sales decreased 11.5 percent to $262.4 million from $296.6 million last year, with same-store sales off 8.7 percent.