SAN BERNARDINO, Calif., Dec. 17 /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 27, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030421/STATERLOGO)

Sales for the 2009 fiscal year were $3.77 billion, an increase of 0.7% when compared to sales of $3.74 billion for the 2008 fiscal year. Sales for the fourth quarter of fiscal 2009 were $947.2 million compared to $940.2 million for the fourth quarter of 2008. Like store sales for fiscal 2009 and for the fourth quarter were comparable to like periods in fiscal 2008.

The Company reported net income of $34.8 million for the 2009 fiscal year compared to $40.6 million in the 2008 fiscal year. The results for the fourth quarters of fiscal 2009 and fiscal 2008 were net income of $5.0 million and $7.2 million, respectively.

Brown said, "Our economy continues to hamper growth and has had a negative effect on the family budgets of our 'Valued Customers.' We continue to focus on the values we can pass on to our 'Valued Customers' so they get the most out of their shopping dollars while providing a friendly and satisfying experience on each and every one of their visits to our Supermarkets. We remain committed to controlling costs as we weather the effect of these 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. MARKETS...SERVING SOUTHERN CALIFORNIA FOR 73 GOLDEN YEARS

    Contact:
    Phil Smith
    Stater Bros. Holdings Inc.
    (909) 733-5287

                               STATER BROS. HOLDINGS INC.
                       Condensed Consolidated Statements of Income
                                     (In thousands)
                                        Unaudited

                                 13 Weeks   13 Weeks    52 Weeks    52 Weeks
                                    Ended      Ended       Ended       Ended
                                    -----      -----       -----       -----
                                 09/28/08   09/27/09    09/28/08    09/27/09
                                 --------   --------    --------    --------
    Sales                       $940,195    $947,150  $3,741,254  $3,766,040

    Gross profit                 248,252     245,132     998,180   1,002,036

    Operating expenses:
      Selling, general and
       administrative expenses   208,994     206,599     829,697     827,192
      Depreciation
       and amortization           13,918      13,478      52,987      53,536
                                  ------      ------      ------      ------
    Total operating expenses     222,912     220,077     882,684     880,728
                                 -------     -------     -------     -------

    Operating profit              25,340      25,055     115,496     121,308

    Interest income                  760          55       5,735         471
    Interest expense             (14,557)    (16,881)    (57,464)    (68,252)
    Other income, net                 24          16       2,863         723
                                     ---         ---       -----         ---

    Income before income taxes    11,567       8,245      66,630      54,250

    Income taxes                   4,398       3,280      26,000      19,481
                                   -----       -----      ------      ------

    Net income                    $7,169      $4,965     $40,630     $34,769
                                  ======      ======     =======     =======

                              STATER BROS. HOLDINGS INC.
                        Condensed Consolidated Balance Sheets
                                    (In thousands)
                                      Unaudited

                                                          09/28/08   09/27/09
                                                          --------   --------
    Assets
      Current assets
        Cash and cash equivalents                         $144,942   $196,914
        Restricted cash                                      5,621      3,121
        Receivables, net                                    44,834     40,720
        Inventories                                        230,218    212,856
        Assets held for sale                                95,174     90,459
        Other                                               36,825     39,439
                                                            ------     ------

      Total current assets                                 557,614    583,509

      Property and equipment, net                          660,063    671,493

      Deferred debt issuance costs, net                     14,478     11,276
      Other                                                 44,720     48,457
                                                            ------     ------

    Total assets                                        $1,276,875 $1,314,735
                                                        ========== ==========


    Liabilities and stockholder's equity
      Current liabilities
        Accounts payable                                  $154,283   $153,083
        Liabilities held for sale                           16,509      5,634
        Accrued expenses and other liabilities             136,199    132,931
        Current portion of capital lease obligations         1,149      1,336
                                                             -----      -----

      Total current liabilities                            308,140    292,984

      Long-term debt                                       810,000    810,000
      Capital lease obligations, less current
       portion                                               5,104      3,768
      Other long-term liabilities                          113,125    144,228

      Total stockholder's equity                            40,506     63,755
                                                            ------     ------

    Total liabilities and stockholder's equity          $1,276,875 $1,314,735
                                                        ========== ==========

SOURCE Stater Bros. Holdings Inc.

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