date:Apr 25, 2014
dollar stores. In addition, they must balance between customers' need for low price food and fluctuating food costs.
The company said it lost $76.5 million, or 34 cents per share, in the three months that ended March 22. That compares with net income of $118.9 million, or 49 cents per share, a year ago. Excluding one-time items, profit totaled 6 cents per share. Analysts expected adjusted net income of 18 cents per share.
While sales met plan in the first quarter, income was slightly below p