The results exceeded the company’s outlook, attributed to better opportunistic product mix and value perception.
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inFinance News, Featured News, Grocery Research, National, News
NRF: Retail Sales Post 10th Straight Month Of Growth In July
Retail sales rose for the 10th consecutive month in July, with grocery up 4.52 percent year over year, according to the CNBC/NRF Retail Monitor.
Posted inCorporate Store News, Featured News, Finance News, News, Organic Natural, Southwest
Natural Grocers Q3 Net Sales, Comparable Stores Up
The grocer said its new store growth plan continues to gain momentum, with two more planned this fall.
Expert Article
The Grocery AP Challenge Generic Automation Doesn’t Solve
Most AP automation tools were built for offices, not grocery receiving docks. Discover why grocers lose $37K/yr to DSD pricing errors—and how to stop it.
Posted inCorporate Store News, Featured News, Finance News, Ingles Markets, News, Southeast
Ingles Q3 Sales Up, Net Income Slips Due To Higher Expenses
Operating and administrative expenses were up nearly $8 million for the quarter.
Posted inCorporate Store News, Finance News, West
Costco’s July Sales Up 10.7 Percent; Fresh Foods Up Mid-Single Digits
Comparable store sales in U.S. clubs were up 10.3 percent during the month when including gasoline prices and foreign exchange.
Posted inCorporate Store News, Ahold Delhaize, Finance News, News, Northeast, Southeast
Ahold Delhaize U.S. Sales Rise 1.4% In Q2; Online Up 14.5%
U.S. comp sales up, but pharmacy rules, egg prices and SNAP program changes impacted their growth.
Posted inFinance News, Corporate Store News, Featured News, News, Northeast, Pharmacy, Weis Markets
Weis Markets’ Q2 Revenue Up, Net Income Down Sharply
Pharmacy revenue took a hit of more than $10 million related to Medicare rules that took effect Jan. 1.
Posted inFinance News, Featured News, Independent Store News, News, Publix Super Markets, Southeast
Publix Reports Sales Up In Q2, Half; Comps Slightly Down
Medicare changes and economic headwinds contributed to the comp-store decreases.
Posted inFinance News, Corporate Store News, Featured News, News, Organic Natural, West
Sprouts Sales Up, Comps Down In Q2; New Store Pace To Grow In Q3
The Phoenix-based grocer expects to open at least 15 stores in the third quarter – its largest quarterly cadence to date.
Posted inNews, Ahold Delhaize, Corporate Store News, Featured News, Finance News
Ahold Delhaize Marks 10 Years With Euronext Gong Ceremony
The Zaandam, Netherlands-based retailer was formed in 2016 through the merger of Ahold and Delhaize Group, one of the largest cross-border deals in food retail.
Posted inNews, Finance News, Northeast, Snacks Brands, Suppliers
Utz To Go Private In $2.9B Deal With Germany’s Intersnack
Utz Brands will be taken private in a deal valuing the salty snack maker at approximately $2.9 billion, with Germany’s Intersnack Group acquiring all outstanding Class A common stock for $14.25 per share in cash. The price represents a premium of roughly 91 percent over the July 20 closing price. When the transaction closes, expected […]
Posted inNational, Association News, Feature, Finance News, Marketing News, News, West
Brand Builders, Investors Agree On What Separates Winning CPG Brands
Two panels, two very different rooms, but one message. At the CPG Convergence Conference, hosted June 25 by the Navigator Lighthouse Foundation and Mission Matters at Verizon’s 5G Labs in Playa Vista, California, a panel of brand strategists and a panel of investors took the stage hours apart. They never coordinated, but they arrived at […]
Posted inOnline Grocery Technology, Finance News, National
Logile Launches Enterprise Productivity Simulator For Retail Workforce Planning
Logile has launched its Enterprise Productivity Simulator, letting retailers model workforce and operational decisions across an entire chain before execution begins.
Posted inExecutive News, Featured News, Finance News, Midwest, News, Wholesaler/Distributor News
Kauffman Named To Succeed Koch As CFO At AWG
Former BJ’s Wholesale Club executive Kelly Kauffman will fill the role of Gary Koch, who is retiring at year’s end.
Expert Article
The Hidden Margin Leak Hiding in Your Accounts Payable Department
Every independent and regional grocer knows the math. Net margins run between 1% and 3%, which means that on a $10 million store, you’re working with $100,000 to $300,000 of breathing room before you’re underwater. Operators spend enormous energy managing the front end to protect those numbers, tightening promotional spend, auditing shrink, and fine-tuning labor […]
Posted inNews, Finance News, National
FMS Solutions’ 2nd Profit Summit For Independents Coming This Fall
FMS Solutions, a financial management company serving independent grocery operators and restaurants, has announced its second annual FMS Profit Summit, set for Oct. 6-8 at Tapatio Springs Hill Country Resort in Boerne, Texas. The two-day event covers financial benchmarking, labor management, shrink reduction and the state of the independent grocery industry. Attendees will have direct […]
Posted inFinance News, Featured News, National, News, The Kroger Co.
Kroger To Acquire Giant Eagle In $1.65B Deal
The Kroger Co. has announced its intention to acquire Giant Eagle, a family-owned food and pharmacy retailer, for $1.65 billion.
Posted inGuest Contributors, Finance News, Grocery Store Equipment, Hidden Profit, National, News, The Grocer's Playbook
Hidden Profits: Benchmarking Meat Cases Reveals Opportunities For Grocery Retailers
Benchmarking shows meat cases with doors can reduce energy use, shrink and labor costs while improving margins and creating significant profit opportunities.
Posted inFinance News, Association News, Featured News, National, News
NGA Adds 2 VPs To Government, Finance Leadership Teams
The National Grocers Association (NGA) has appointed Macy Lemon as VP of state government affairs and Mark McLaughlin as VP of finance and administration. Macy Lemon Lemon will lead NGA’s state government affairs strategy, working with state legislatures, governors’ offices, coalitions and state partners to advance policies that support independent supermarkets and the communities they […]