Sprouts Farmers Market Inc. has released its results for the 13-week third quarter ended Oct. 1, reporting significant sales growth. Net sales for the third quarter of 2017 were $1.2 billion, a 16 percent increase compared to the same period in 2016. Net sales growth was driven by a 4.6 percent increase in comparable store […]
Tag: financial results
Posted in, Home Page Latest News, Independent Store News, Industry News, Southeast, Store News
Publix Launches Annual Food For All Fundraiser, Releases 3Q Results
Publix Super Markets Inc. has launched its annual holiday fundraiser, Food For All, which runs Nov. 1 through Nov. 22. The campaign includes Publix customers and associates who raise money in support of nonprofit organizations serving individuals within their local communities. These local and regional nonprofits help fight hunger and advocate for self-sufficiency. As a […]
Posted inMeat/Seafood/Poultry, Home Page Latest News, Industry News, National, Suppliers
Tyson Eliminating 450 Jobs, Boosts 2017 Guidance
Tyson Foods has unveiled plans to cut approximately 450 positions, primarily from its corporate offices in Springdale, Arkansas; Chicago; and Cincinnati. “We’re grateful to everyone who has contributed to the company’s success, and we’re thankful for their time with Tyson Foods,” said Tom Hayes, Tyson’s president and CEO. “These are hard decisions, but I believe […]
Posted inIngles Markets, Corporate Store News, Home Page Latest News, Industry News, Southeast
Ingles Posts FY 3Q, Nine-Month Results
Ingles Markets has reported sales and net income for the three and nine months ended June 24. The three-month period ended June 2017 benefitted from extra Easter sales, according to the Asheville, North Carolina-based grocery chain. Easter occurred in April 2017 and benefitted third quarter 2017 sales. Easter occurred in March 2016, in the company’s […]
Posted in, Northeast
Ahold Delhaize Reports Strong Second Quarter Results
Ahold Delhaize this week reported strong second quarter 2017 results, driven by an improvement in sales and merger synergies resulting in higher margins, according to the company. Dick Boer, CEO of Ahold Delhaize, said, “We are pleased to report a strong set of results. Sales improved across the board and the group’s underlying operating margin increased […]
Posted inNortheast
Weis Markets Reports Second Quarter Gains
Weis Markets reported that its second quarter sales for the 13-week period, which ended July 1, jumped 20 percent to $876.6 million compared to $730.4 million for the same period in 2016. In the second quarter, the company’s operating income increased 15.2 percent to $27.7 million compared to $24.1 million for the same period in 2016. The company’s second quarter net income […]
Posted inWest, Corporate Store News, Home Page Latest News, Industry News, Store News
Smart & Final Posts 2Q Same-Store Sales Growth
On July 25, Smart & Final Stores reported financial results for its fiscal second quarter ended June 18, achieving both net and comparable-store increases. Net sales were up 3.9 percent to $1.08 billion, and comparable store sales were up 1.3 percent during the quarter at Smart & Final, which operates 314 grocery and foodservice stores […]
Posted inWest, Home Page Latest News, Wholesaler/Distributor News
Unified Blames Bulk Of Poor Financials On Pending Supervalu Merger
Wholesale grocery distributor Unified Grocers experienced a difficult quarter financially, reflected in the Commerce, California-based company results for its fiscal 2017 second quarter ended April 1. It blames most of its losses on “substantial transaction costs and other expenses associated with preparations for the execution of a definitive merger agreement with Supervalu,” which was announced in […]
Posted inCorporate Store News, Home Page Latest News, National
Sprouts Marks 40th Consecutive Quarter Of Positive Same-Store Sales
Sprouts Farmers Market has reported results for the 13-week first quarter ended April 2, marking its 40th consecutive quarter of positive same-store sales. The company also said its new stores are performing well. The Phoenix, Arizona-based supermarket chain’s net sales for the quarter was $1.1 billion, a 14 percent increase from the same period in […]
Posted inCorporate Store News, Home Page Latest News, Industry News, West
Net Sales Up, But Same-Store Down At Smart & Final
Smart & Final Stores has reported its financial results for the first quarter 2017, ended March 26. While net sales for the Commerce, California-based company increased 6.4 percent to $967.0 million, comparable store sales decreased 2.5 percent. The retailer cites impacts of deflation, cannibalization and adverse weather for the decline. Net loss for the quarter […]
Posted in, Home Page Latest News, Shelby Content, West, Wholesaler/Distributor News
Unified CEO On 3Q Results: On Track After Haggen’s Hit To Top Line
Unified Grocers suffered a blow during its fiscal third quarter due to the loss of business from Haggen’s Pacific Southwest stores but, according to the wholesaler’s leader, there also are reasons to be pleased with the results, which came out Monday. The “top line was hit a little bit, certainly…this was the quarter when Haggen […]
Posted in, Corporate Store News, Home Page Latest News, Southeast
Publix Reports 2Q Results
Publix’s sales for the second quarter of 2016 were $8.1 billion, a 2.1 percent increase from last year’s $8 billion. Comparable-store sales for the second quarter of 2016 increased 1.1 percent. The company estimates that sales were negatively impacted by 1.2 percent due to the effect of the Easter holiday being in the first quarter […]
Posted in, Corporate Store News, Home Page Latest News, Midwest
Kroger Achieves 50th Quarter In A Row Of ID Sales Growth
For the first quarter of fiscal 2016, The Kroger Co.’s identical (ID) supermarket sales growth, without fuel, of 2.4 percent. That marks Kroger’s 50th consecutive quarter of positive identical supermarket sales growth, excluding fuel. Kroger also reported reported net earnings of $680 million, or $0.70 per diluted share vs. $619 million, or $0.62 per diluted […]