Associated Food Stores Posts Higher Sales; Ceo Urges Caution

Summary


Associated Food Stores Inc. had another strong financial year, but its chief executive officer was urging members Friday to "not let complacency lull us into inaction."

CEO Rich Parkinson said during the Salt Lake City-based company's annual shareholder meeting that consolidated sales totaled $1.63 billion last year, up $110 million or 7.2 percent, despite a shorter April-through-March fiscal period. Sales at 23 corporate stores totaled $531.3 million, up $33 million or nearly 6.5 percent.

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Associated Food Stores Posts Higher Sales; Ceo Urges Caution

"Inflation certainly ...

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