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Stater Bros. profit decreases in fiscal Q1


San Bernardino, Calif. -- Supermarket retailer Stater Bros. Holdings said Wednesday that net income for the quarter ended Dec. 26 dropped to $1.3 million, compared with net income of $6.7 million in the year-ago period. The prior year results included an after-tax gain of $4.7 million.

Sales declined 2.3% to $899 million in the first quarter. Same-store sales also decreased 2.3%.

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