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• Stater Bros. Markets reports that its annual sales for the just completed fiscal year were $3.77 billion, up 0.7 percent from the previous fiscal year. Net income was down 14 percent from last year, going from $40.6 million to $34.8 million.

Q4 sales were $947.2 million, up from $940.2 million for the same period of 2008, with earnings of $5 million, down from $7.2 million in last year’s fourth quarter.

Chairman Jack Brown said that financial results were impacted by an ongoing price war in Southern California, which forced additional discounts; he also noted that the company had managed, even in tough times, to grow its customer base from 1.25 million customer visits in 2008 to 1.29 million in 2009. “Survival is a victory too,” Brown said in an analysts conference call.
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