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SHOPKO SALES RISE 1.3%, BUT NET EARNINGS DECLINE

SHARE SHOPKO SALES RISE 1.3%, BUT NET EARNINGS DECLINE

ShopKo Stores Inc., the discount chain headquartered in Green Bays, Wis., that has several stores in Utah, had increased sales but lower net earnings in the quarter ending June 19, according to Dale P. Kramer, president and chief executive officer.

First quarter sales increased 1.3 percent to $474.6 million from $468.4 million in the same quarter a year ago. Net earnings in the quarter before the effect of an accounting change declined 42 percent to $6.3 million from $10.9 million in the same quarter of 1992.