Albertsons Cos. Inc. has reported results for the third quarter of fiscal 2019, which ended Nov. 30, 2019. At the time of the report, the company operated 2,260 retail food and drug stores with 1,732 pharmacies, 402 associated fuel centers, 23 dedicated distribution centers and 20 manufacturing facilities. Its stores predominantly operate under the banners […]
Tag: financial
Posted inWest, Corporate Store News
Grocery Outlet’s Net Sales, Comps Up In 2Q But Records Net Loss
For the second quarter of fiscal 2019 ended June 29, Emeryville, California-based Grocery Outlet Holding Corp. said its net sales increased by 12.2 percent to $645.3 million vs. $575.1 million in the second quarter of fiscal 2018 and its comparable store sales increased by 5.8 percent vs. a 2.7 percent increase last year. The company’s […]
Posted inIngles Markets, Corporate Store News, Home Page Latest News, Southeast
Ingles Reports Results For Second Quarter, First Half Of Fiscal 2017
Ingles Markets has reported sales and net income for the three and six months ended March 25. Net sales totaled $946.2 million and net income totaled $9.2 million for the second quarter ended March 25, 2017, compared with $924.3 million and $14.4 million, respectively, for the second quarter of fiscal year 2016. Net sales totaled […]
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, Home Page Latest News, National
Kroger’s 50-Plus Consecutive Quarters Of ID Sales Growth Ends
The Kroger Co.’s record 52 consecutive quarters of positive identical supermarket sales, excluding fuel, has ended as, on Thursday, the Cincinnati-based grocery chain reported that ID sales, without fuel, were down 0.7 percent in the fourth quarter of 2016, which ended Jan. 28. The company reported net earnings of $0.53 per diluted share for the […]
Posted inNortheast
Bank Provides $20M Credit To Distributor Garber Bros.
Citizens Bank’s commercial unit is providing a $20 million credit facility to Garber Bros. of Randolph, Massachusetts. Garber distributes cigarettes, tobacco, health and beauty and grocery products to convenience stores located primarily in the Northeast. The revolving line of credit will be used for working capital purposes. “We appreciate the expertise of the team at Citizens,” […]
Posted inStore News, Association News, Home Page Latest News, National
Merchant Groups To Capitol Hill: Debit Swipe-Fee Reform Vital To Main Street, American Consumers
More than 60 representatives from retailers, grocers, convenience stores and restaurants are gathering in Washington, D.C., this week to meet with lawmakers. The groups say they will discuss the importance of upholding hard-fought debit swipe-fee reforms as Congress readies legislation to repeal it. In 2010, debit swipe-fee reforms introduced competition and transparency into a market […]
Posted in, Corporate Store News, Home Page Latest News, Industry News, Southeast, Store News
Total Sales Up Slightly, Net Income Down For Ingles’ Fiscal Year
Asheville, North Carolina-based Ingles Markets, operating 201 stores in six states in the Southeast, reported fourth quarter and fiscal year results for the period ended Sept. 24. In a news release Dec. 16, Ingles said total sales for fiscal 2016 were $3.79 billion vs. $3.78 billion in fiscal 2015. Net income for the year was $54.2 […]
Posted in, Corporate Store News, Executive News, Home Page Latest News, West
Phil Smith Elected Stater Bros. Markets Chairman
Stater Bros. Holdings Inc., parent company of Stater Bros. Markets, has elected Phillip J. “Phil” Smith to chairman of the board of Stater Bros. Markets, following the passing of Executive Chairman Jack H. Brown on Nov. 13. Smith formerly served as vice chairman of Stater Bros. Holdings—a position to which Brown appointed him in 2012. […]
Posted inStore News, Corporate Store News, Home Page Latest News, Industry News, National
Kroger’s 3Q Net Earnings Down Vs. A Year Ago
The Kroger Co. today reported net earnings of $391 million, or $0.41 per diluted share, and identical supermarket sales growth, without fuel, of 0.1 percent in the third quarter of 2016, which ended Nov. 5. Net earnings in the same period last year were $428 million, or $0.43 per diluted share. “I am proud of […]
Posted inNortheast
620-Plus Businesses Urge Congress Not To Repeal Financial Reforms
More than 620 businesses have signed a letter addressed to congressional leaders asking them to not overturn swipe fee reform. The letter notes that the financial reforms “are critical to U.S. businesses and our customers. The debit card fee and rule reforms prescribed in Section 1075 of the Wall Street Reform and Consumer Protection Act have […]
Posted in, Northeast
Cosi Prepares For Sale
Cosi Inc., the fast-casual restaurant company, is aggressively seeking qualified bidders who may have an interest in purchasing substantially all of its assets in a sale process under Section 363 of the Bankruptcy Code. The company says that the bidding procedures and sale schedule, which are pending approval of the Bankruptcy Court, will be available on […]
Posted in, Beverage News, Home Page Latest News, National, Suppliers
Tobacco Giant Becomes Significant Shareholder In AB InBev After $100B SABMiller Merger
In connection with this week’s official $100 billion merger of Anheuser-Busch InBev and SABMiller, Altria Group Inc. received 185,115,417 restricted shares of the combined company, AB InBev, representing a 9.6 percent economic and voting interest in AB InBev, and approximately $5.3 billion in pre-tax cash. In addition, Marty Barrington, Altria’s chairman, CEO and president, and […]
Posted in, Northeast
NACS: ‘No-Choice’ Act Draws Bipartisan Opposition
The National Association of Convenience Stores (NACS) is not pleased with the House Financial Services Committee vote to report House Resolution 5983, the Financial Choice Act. Lyle Beckwith, NACS SVP of government relations, said, “NACS is deeply disappointed at the House Financial Services Committee’s vote to report the controversial and misnamed ‘Financial Choice Act’—which includes repeal […]
Posted in, Corporate Store News, Home Page Latest News, Industry News, National
Kroger Reports 2Q Results
The Kroger Co. has reported net earnings of $383 million, or $0.40 per diluted share, and identical supermarket sales growth, without fuel, of 1.7 percent in the second quarter of 2016 ended Aug. 13. Net earnings in the same period last year were $433 million, or $0.44 per diluted share. The company’s net earnings per […]
Posted in, Home Page Latest News, Independent Store News, National, The Independent Perspective
2016 Independent Grocers Financial Survey: Same-Store Sales Increase 2.1 Percent
FMS and the National Grocers Association (NGA) have released the results of the 2016 Independent Grocers Financial Survey, covering fiscal year 2015. This joint study polled independent supermarket operators in 38 states and four Canadian provinces on their financial performance and business strategies, and provides an in-depth look at the economic, political and competitive landscape […]
Posted in, Corporate Store News, Home Page Latest News, National
Walmart Releases First Quarter Earnings, Exceeds Expectations
Highlights from Wal-Mart Stores Inc.’s first quarter earnings call, held May 19, are: Total revenue was $115.9 billion. On a constant currency basis, total revenue was $119.4 billion, an increase of 4.0 percent. Walmart U.S. delivered positive comp sales for the seventh consecutive quarter, up 1.0 percent, driven by the sixth consecutive quarter of positive […]
Posted in, Home Page Latest News, Industry News, National, Store News
Study: Balancing Next And Older Generations Of Shoppers May Prove Challenging For Grocers
The Food Marketing Institute (FMI) has introduced its survey analysis of short- and long-term financial strategies food retailers are employing in the current economic environment. FMI’s Financial and Strategic Initiatives in Food Retailing Study 2016, prepared by 210Analytics, and made financially possible by BMO Harris Bank, explores 2015 operating results among 35 food retailing companies and offers predictions as to what will drive their success over the next two years—from sales and […]
Posted in, Corporate Store News, Home Page Latest News, West
CEO Says Smart & Final Had ‘Exceptional’ 2015
Smart & Final Stores on Wednesday reported its financial results for the 13-week and 53-week periods ended Jan. 3. Net income for the 13-week fourth quarter rose 7.4 percent to $10 million. Sales increased 18.9 percent to $997.6 million, including $73.3 million attributable to an extra week in this year’s fourth quarter. Comparable store sales increased 3.5 percent, including […]
Posted in, Corporate Store News, Southeast, Store News
Publix Reports Across-The-Board Positive Results For 4Q, Fiscal Year
Publix Super Markets is reporting positive fourth quarter and fiscal year results across the board. Publix’s sales for the fourth quarter of 2015 were $8.2 billion, a 4.5 percent increase from last year’s $7.9 billion. Comparable-store sales for the fourth quarter of 2015 increased 3.2 percent. Net earnings for the fourth quarter of 2015 were […]