<p>Stater Brothers has announced its financial results for the third quarter, revealing increases in both sales and customer count. The quarter, which ended on June 26th, saw consolidated sales of $939.0 million- up 4.33% from last years numbers. Supermarket sales were up $45.6 million.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>The company’s net income this year was $7.1 million. Jack H. Brown, Chairman, President and Chief Executive Officer stated: “Our sales and customer count increases indicate that our valued customers appreciate our strategy of 'sharing their pain' by holding our prices as low as we can to help them through these tough economic times. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>"Our debt refinancing in the first part of fiscal 2011, which reduced our overall debt load and reduced the interest rate on our remaining debt, has been very helpful in allowing us to sacrifice margin in the short-term in order to retain our valued customers in the long-term.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>www.staterbros.com</p><hr class="legacyRuler"><hr class="invisible minimal-padding">
