Reports: Texas program aims to curb drug abuse
NEW YORK — A new program in Texas aims to track prescribed controlled substances to catch dealers and abusers, according to published reports.
The Associated Press reported that the Texas Department of Public Safety had created Prescription Access in Texas, an online database that healthcare professionals and law enforcement officials can immediately access to see what drugs a patient has received in the state in the last year.
The article noted that in the Dallas area, 14.5% of high school students had admitted to using an illegally obtained prescription drug in the last 30 days.
Stater Bros. reports Q3 sales rise
SAN BERNARDINO, Calif. — Third-quarter sales for Stater Bros. rose more than $10 million during the period ended June 24, the retailer said Tuesday.
Third-quarter sales increased 1.14% to $949.8 million, compared with $939 million in third quarter 2011. Same-store sales also rose 1.14% during the third quarter. For the 39-week period ended June 24, sales rose 3.51% to $2.8 billion, compared with $96.7 million in the year-ago period. Same-stores sales for the 39-week period also rose 3.51%.
Stater Bros. said its third-quarter net income declined 3.9% to $7.3 million, compared with $7.6 million, while net income for the 39-week period was $32.7 million, an increase of 65% over the same period last year. The company noted that during 39-week period of fiscal 2012, it incurred $10.1 million less in interest expense, compared with the same period of the prior year.
"We have been able to grow our sales and our customer counts in a time of unprecedented economic challenges and a growing competitive environment because our valued customer has responded to our marketing programs," Stater Bros. chairman, president and CEO Jack Brown said. "At the beginning of the economic downturn we realized that our customers would be under tremendous pressure to make ends meet. We decided to do our part by making sure that our customers received value and great customer service on each of their visits to our supermarkets. We have continued to keep prices low, so our customers get great value on their shopping dollars.
"In the first quarter of fiscal 2011, we paid down debt and refinanced a significant portion of our remaining debt which reduced our interest expense," Brown added. "We have also focused on reducing our operating expenses where possible. These savings have made it possible to provide great value to our customers. They have responded by continuing to shop at their local Stater Bros. Market."
Hangover Joe’s expands distribution to Canada
COLORADO SPRINGS, Colo. — Hangover Joe’s is bringing its officially licensed product of Warner Bros.’ "The Hangover" movie to Canada through a new distribution deal.
The company said its Hangover Recovery Shot will roll out to Canadian markets through a strategic distribution partnership with Rage Beverages.
"The Canadian market shows great potential for success," Hangover Joe’s co-founder Mike Jaynes said. "With 34 million Canadian residents and a well-established distribution partner like Rage Beverages, we expect to reach millions of dollars in sales in the Canadian market."
The 2-oz. hangover shot features Hangover Joe’s patent-pending, proprietary Get Up and Go Blend — a blend of taurine, kudzu, green tea leaf and acai fruit extracts, along with goji berry concentrate, niacin and vitamins B6 and B12, among other ingredients. And the Hangover Recovery Shot contains only as much caffeine as a single cup of premium coffee, the company stated.