June 23, 1999 |
Stater Bros. Inc. said Tuesday that it will nearly double its presence in Orange County by acquiring 14 supermarkets as Albertson's Inc. unloads 145 stores in the West to win approval of its $9.8-billion acquisition of American Stores Co. In all, 20 Albertsons, Lucky or Max Grocery stores in Orange County are changing hands. Commerce-based Certified Grocers of California will buy four stores, while Vons Cos. and Ralphs Grocery Co. will get one each. The deal will give Colton-based Stater Bros.
January 22, 1989
The Stater Brothers market chain recalled some of its house-brand ice cream because of possible exposure to ammonia from a refrigerant leak during manufacture. Staters spokesman Tom Reingrover said the half-gallon packages affected contain golden vanilla and chocolate ice cream and are marked with the code number 092289. "It's strictly a precautionary thing," he said. "We found very little product affected."
May 14, 1987
Chief Executive Jack H. Brown said the company's two principal stockholder groups, which own 92.2% of the supermarket chain, want to buy the remaining stock and take the company private. If the deal is approved, he said, the two stockholder groups--La Cadena Investments and Craig Corp.--would each own 50% of the Colton-based company. A three-member committee of directors will meet to determine what a fair price would be for the remaining stock.
February 6, 2001
* El Segundo-based Infonet Services Inc. reported fiscal third-quarter operating profit of $700,000, or a penny a share, compared with a loss of $24 million, or 5 cents, a year ago. Sales rose 34% to $162 million. * Colton-based supermarket operator Stater Bros. Holdings Inc. reported a 5% decrease in fiscal first-quarter profit, earning $1.8 million for the period ended Dec. 24, compared with $1.9 million a year ago. Sales rose 5% to a record $624.8 million.
February 8, 2007 |
Profit tripled at the Stater Bros. supermarket chain in the latest quarter, the Colton-based company said Wednesday. Stater Bros. Holdings Inc. said improved profit margins and declining expenses pushed its net income for its fiscal first quarter ended Dec. 24 to $9.9 million from $3.3 million. With 162 stores, Stater Bros. is the largest privately held supermarket chain in Southern California. It discloses its earnings and sales because the company has public bonds. Sales rose 4.
August 11, 2004 |
Stater Bros. Holdings Inc. reported that it swung to a loss in its third quarter despite a 23% rise in sales. For the quarter ended June 27, the Colton-based supermarket chain posted a loss of $5.8 million, reversing a year-earlier profit of $769,000. Sales rose to $848 million from $688.1 million. The company attributed much of the loss to $25.5 million in pretax interest expenses from retiring some debt outstanding and from redemption of notes from Santee Dairies. -- Dawn Wotapka