Stater Bros. Announces Financial Results for 2011

SAN BERNARDINO, Calif., Dec. 13, 2011 /PRNewswire/ -- Today, Jack H. Brown, Chairman, President and Chief Executive Officer of Stater Bros. Holdings Inc., announced sales and earnings for the fifty-two week fiscal year ended September 25, 2011.

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Sales for the 2011 fiscal year were $3.7 billion, an increase of 2.4% when compared to sales of $3.6 billion for the 2010 fiscal year.  Sales for the fourth quarter of fiscal 2011 were $941.9 million compared to $897.4 million for the fourth quarter of 2010.  Sales for the quarter increased $44.5 million or 5.0%. Like store sales for the fiscal year and the fourth quarter of 2011 increased 2.5% and 5.0%, respectively.

The Company reported net income of $26.3 million for the 2011 fiscal year compared to $24.6 million in the 2010 fiscal year.  The results for the fourth quarters of fiscal 2011 and fiscal 2010 were net income of $6.5 million and $5.9 million, respectively.

Brown said, "The economy in our marketing area remains challenging, and we continue to focus on the value we can pass on to our 'Valued Customers' to assist them and their families during these difficult times, so they can get the most out of their shopping dollars.  Our 'Valued Customers' deserve a friendly and satisfying experience on each and every one of their visits to our Supermarkets.  It is our mission to control costs where we are able as we weather the effect of these tough economic times."

Stater Bros. Holdings Inc. is the largest privately held Supermarket Chain in Southern California and operates 167 supermarkets through its wholly owned subsidiary, Stater Bros. Markets.

For information contact: Jack H. Brown, Chairman, President and Chief Executive Officer at (909) 733-5000

STATER BROS ... PROUDLY SERVING SOUTHERN CALIFORNIA FAMILIES FOR 75 YEARS

SOURCE Stater Bros. Holdings Inc.