Sales grow, earnings wither at AlbertsonÕs
AlbertsonÕs Inc, the Boise ID-based retail grocery giant, announced net earnings of $162 million for the second quarter of fiscal 2003. This compares with $257 million during the same quarter a year ago.
The companyÕs sales climbed $112 million during the fiscal 2003 quarter, reaching $9.053 billion versus 2002Õs second-quarter sales of $8.941 billion.
Total gross profit rose $25 million to $2.656 billion coming in at 29.34% of sales, slightly lower than the 29.43% generated in the same period a year earlier.
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