In its fourth-quarter highlights, Bentonville, Arkansas-based Walmart U.S. reported total revenue was $141.7 billion, an increase of $2.9 billion, or 2.1 percent. Walmart U.S. comp sales increased on a two-year stacked basis by 6 percent with continued strength in food and consumables. Walmart U.S. e-commerce had strong growth in grocery pickup and delivery, and walmart.com […]
Tag: earnings
Posted inGrocery News, Dairy News, Executive News, Southwest, Suppliers
Dean Foods Appoints Eric Beringause As President, CEO
Dallas, Texas-based Dean Foods Co. has appointed Eric Beringause president and CEO and a member of the Dean Foods Board of Directors, effective July 29. Beringause succeeds Ralph Scozzafava, who has stepped down as CEO and resigned from his position on the board. Beringause has more than 30 years of transformational leadership and operational experience […]
Posted inNonfood Items, Amazon Fresh, Corporate Store News, Equipment & Technology, Home Page Latest News, Industry News, National, Store News, Whole Foods
Walmart Reports Strongest Food Comp Jump In Five Years, GMV Up 69 Percent
Walmart reported today that it continued to gain traction in both food sales and its e-commerce business in its second quarter. Walmart U.S. traffic increased 1.3 percent and comparable-store sales grew 1.8 percent. It marks Walmart’s 12th consecutive quarter of positive comp sales. “The grocery business continued to improve as food categories delivered the strongest […]
Posted inCorporate Store News, Home Page Latest News, Industry News, National, Wholesaler/Distributor News
Supervalu Reports Wholesale Gains, ID Store Sales Take Hit
Supervalu on Tuesday reported fourth quarter and full year fiscal 2017 results, achieving gains in its Wholesale segment but taking a hit on same-store sales in its Retail organization. “We finished fiscal 2017 with momentum in our Wholesale business and an improved balance sheet resulting from the sale of Save-A-Lot,” said President and CEO Mark […]
Posted inCorporate Store News, Home Page Latest News, Southeast
Publix Posts 4Q And Annual Increases
Publix’s sales for the fourth quarter of 2016, a 14-week period, were $9.1 billion, an 11.1 percent increase from the previous year’s $8.2 billion, a 13-week period. The additional week in the fourth quarter of 2016 increased sales by 7.4 percent. Comparable-store sales for the fourth quarter of 2016 increased 2.2 percent. Net earnings for […]
Posted inCorporate Store News, Deli News, Home Page Latest News, Industry News, Midwest, Perishables, Produce News, Store News, Suppliers, Supply Chain News, Wholesaler/Distributor News
SpartanNash Sales Increases Benefit From Holiday Shift
SpartanNash said Wednesday that business gains and the timing of the New Year holiday resulted in fourth quarter sales growing to $1.83 billion from $1.77 billion a year ago. Net sales for the food distribution segment increased to $838.6 million from $773.7 million in the same quarter a year ago. The Grand Rapids, Michigan-based company said the gains […]
Posted inCorporate Store News, Amazon Fresh, Home Page Latest News, National, Whole Foods
Online Grocery And Jet.com Help Fuel Walmart’s E-Commerce Jump
Online grocery helped Walmart U.S. record a big jump in its e-commerce business during the fiscal 2017 fourth quarter. The Bentonville, Arkansas-based retail giant posted its financial results for the quarter Tuesday and reported strong e-commerce growth as sales and gross merchandise volume increased 29.0 and 36.1 percent, respectively—including Jet.com and online grocery. Walmart purchased […]
Posted inOrganic Natural, Corporate Store News, Home Page Latest News, Industry News, National, Store News
Whole Foods Closing Nine Stores In Five Regions
Whole Foods Market said during its earnings call Wednesday that it will close nine stores in the second quarter. According to John Mackey, co-founder and CEO, the company has been moderating its lease signings and capital expenditures over the last two years. “We are also continually evaluating stores on a case-by-case basis, balancing the age, […]
Posted in, C-Store News, Corporate Store News, Home Page Latest News, Industry News, Midwest, Store News
Casey’s Fiscal Year Ends Strong As Company Looks To Expand East And South
On June 6, Casey’s General Stores Inc. reported diluted earnings per share of $1.19 for the fourth quarter of fiscal year ended April 30 vs. $1.05 for the same period a year ago. For the year, diluted earnings per share grew 24 percent to $5.73 vs. $4.62 for the same period last year. “Fiscal 2016 […]
Posted in, Home Page Latest News, Industry News, Southwest
Natural Grocers’ Net Sales, Comp-Store Sales Increase In Q2
Net sales increased 12.5 percent to $177.4 million in the second quarter for Lakewood, Colorado-based Natural Grocers by Vitamin Cottage. The increase is primarily due to an $18.0 million increase in new store revenue and a $1.7 million, or 1.0 percent, increase in daily average comparable store sales. The 1.0 percent increase in daily average […]
Posted in, Corporate Store News, Independent Store News, Industry News, Midwest, National
Profit Up, But IDs, Retail, Indy Business Sales Drop In Supervalu’s 3Q
Supervalu on Jan. 13 reported third quarter fiscal 2016 net sales of $4.11 billion and net earnings from continuing operations of $35 million, or $0.13 per diluted share, which included $11 million in after-tax charges and costs related to asset impairments, the potential separation of Save-A-Lot and employee severance. When adjusted for these items, third […]
Posted in, Corporate Store News, Industry News, Midwest
Roundy’s Net Sales Up 16% In Busy Third Quarter
Net sales from continuing operations increased 16.4 percent to $973.8 million during Roundy’s Inc.’s third quarter ended Sept. 27. That reflects an increase of $137.3 million vs. the third quarter of fiscal 2013 due primarily to new and acquired stores, partially offset by a decrease in same-store sales. Same-store sales from continuing operations declined 2.7 percent. The company saw a 5.2 […]
Posted in, Corporate Store News, Industry News, Midwest, Suppliers
SpartanNash Comparable Stores Sales Increase 0.4%
SpartanNash Co.’s financial results for the 12-week third quarter ended Oct. 4 reflect an increase in comparable stores sales of 0.4 percent, as well as the continuing impact of the November 2013 merger of Spartan Stores and Nash Finch Co. Net sales increased 187.2 percent to $1.81 billion vs. $630.1 million a year ago, primarily […]
Posted in, Corporate Store News, Midwest
Merger Paying Off As Sales Rocket Upward At SpartanNash
Grand Rapids, Mich.-based SpartanNash Co. reported consolidated net sales for the second quarter of $1.8 billion vs. $651.1 million last year, an increase of 178 percent, primarily due to $1.2 billion in sales generated as a result of the November 2013 merger of Spartan Stores and Nash Finch. Reported operating earnings increased 115.3 percent to […]
Posted in, Albertsons, Midwest, Store News
Supervalu Earnings Reflect Strength Of Save-A-Lot Brand
Supervalu on Thursday reported total sales of $5.23 billion in the first quarter of fiscal year 2015 vs. $5.24 billion in the same period a year ago. The Minneapolis-based company’s Save-A-Lot banner saw strong sales, while its independent business segment sales decreased 2.6 percent. First quarter Save-A-Lot net sales were $1.35 billion vs, $1.27 billion […]
Posted in, Corporate Store News, Midwest
Kroger Achieves 42nd Consecutive Quarter Of ID Sales Growth
The Kroger Co. on Thursday reported net earnings of $501 million, or $0.98 per diluted share, and identical supermarket sales growth, without fuel, of 4.6 percent in the first quarter of fiscal year 2014. It is the company’s 42nd consecutive quarter of positive identical supermarket sales growth. This also is the first period that includes […]
Posted in, Corporate Store News, National
Supervalu’s 4Q Earnings Show Positive Trends
Supervalu Inc. reported Wednesday that its fourth quarter fiscal 2014 net sales were $3.95 billion, an increase of 1.4 percent vs. the same period a year ago. Net earnings totaled $26 million, or $0.10 per diluted share. Identical store sales in the Save-A-Lot network were up 2.1 percent, while ID store sales for corporate stores […]
Posted in, Corporate Store News, Midwest
Spartan Stores Converting One Banner, Slowing Growth Of Another
by Terrie Ellerbee/associate editor The company that will result from the merger of Spartan Stores and Nash Finch Co. will without doubt have one thing in abundance: brands. Plans are to begin integrating the two companies before the end of the calendar year, as shareholder approval is pending but expected. Edina, Minn.-based Nash Finch operates […]
Posted in, Southeast
Fresh Del Monte Reports Q4 Loss
Bad weather continued to pound at Fresh Del Monte Produce bottom line, reports the South Florida Business Journal. The Coral Gables-based fruit and vegetable producer said it lost $9.6 million, or 16 cents a share, in the fourth quarter, down from a profit of $28.2 million, or 44 cents a share, in the same year-ago […]