Net income inched up 2% to $2,578,000 from $2,535,000 on a 4% improvement in sales to $240,407,000 against $231,150,000 for the 13 weeks ended Jun. 28 with a comp store gain of 1.7%. This year’s results included charges of $1.1 million related to the proxy fight that the company settled with its investors prior to the annual meeting. Last year’s results included an impairment charge of about $800,000.

For the quarter to date, BGFV said it was comping slightly negative, but that it expected to generate positive comps for the quarter. Besides the ongoing impact of the drought, particularly in CA ... Log in to view full article.