Ingles Markets on Thursday reported its fourth quarter and fiscal year 2015 results. The North Carolina-based grocery chain said it experienced record core grocery sales and record net income for fiscal 2015. Core grocery sales exclude gasoline. Total sales were $3.78 billion for fiscal 2015 compared with $3.84 billion in fiscal 2014. For the full […]
Tag: financial
Posted in, Albertsons, Corporate Store News, Executive News, Store News, West, Women In The News
Executive At Center Of New England’s Market Basket Saga Becomes CFO Of 99 Cents Only
One of the executives at the center of the 2014 drama surrounding New England’s Market Basket supermarket chain has been named CFO of 99 Cents Only Stores, headquartered in California. 99 Cents made the announcement that Felicia Thornton would assume the CFO and treasurer roles on Monday. In a news release discussing Thornton’s work experience, […]
Posted in, Corporate Store News, Independent Store News, National, Store News
Supervalu Reports 2Q Fiscal 2016 Results
Minneapolis-based Supervalu on Wednesday reported second quarter fiscal 2016 net sales of $4.06 billion and net earnings from continuing operations of $31 million, or $0.11 per diluted share, which included $6 million in after-tax costs related to the potential separation of Save-A-Lot and severance costs. When adjusted for these items, second quarter fiscal 2016 net […]
Posted in, Albertsons, Guest Contributors, National, Shelby Signature Content
The Path To Chapter 11 Can Follow One Of Several Roads
Events leading a business to file for protection under Chapter 11 can take different forms and move at different speeds. The retail food business has recently served up two examples of polar opposites in their trip to Chapter 11. A&P’s trip, by some accounts, began in the 1950s. Haggen, on the other hand, had barely […]
Posted in, Northeast
Wawa Launches Private Label Credit Card
Wawa has partnerned with Citi Retail Services to unveil a new credit card for the convenience retailer’s loyal customer base. Beginning Sept. 30, Citi Retail Services began to manage and service the portfolio of accounts. Cathy Pulos, chief people officer and CFO for Wawa, said, “This new credit card was specifically designed to enhance the […]
Posted in, Northeast
R.J. Reynolds, British American Tobacco To Partner On Vapor Technologies, And More…
Convenience Store News In Brief… British American Tobacco has signed a vapor products technology-sharing term sheet with R.J. Reynolds Tobacco Co. The term sheet provides a framework for collaboration and mutual cross-licensing of the parties’ vapor product technologies up to December 2022. The collaboration also includes joint R&D activities and cooperation on regulatory, scientific and […]
Posted in, Corporate Store News, National, Store News
Kroger Marks 47th Quarter Of Positive ID Supermarket Sales
The Kroger Co. on Friday reported record results for its fiscal 2015 second quarter, marking the company’s 47th quarter of positive identical supermarket sales growth, excluding fuel. ID sales were up 5.3 percent, without fuel. The Cincinnati-based grocer’s net earnings were $433 million, or $0.44 per diluted share. Net earnings in the same period last […]
Posted in, Northeast
National Restaurant Productivity Breaks Three-Month Slump
Driven by stronger same-store sales and customer traffic levels, the National Restaurant Association’s (NRA) Restaurant Performance Index (RPI) posted a solid gain in July, the first increase in three months. The RPI stood at 102.7 in July, up 0.7 percent from June. In addition, July represented the 29th consecutive month in which the RPI stood above […]
Posted in, Corporate Store News, Industry News, National
Dollar General Net, Same-Store Sales Up For 2Q
Dollar General Corp. on Thursday reported financial results for its fiscal 2015 second quarter (13 weeks) ended July 31. The Goodlettsville, Tennessee-based company’s net income was $282 million, or $0.95 per diluted share, in the 2015 second quarter, compared to net income of $251 million, or $0.83 per diluted share, in the 2014 second quarter. […]
Posted in, Corporate Store News, Southeast
Publix 2Q Sales Up 6 Percent, Same-Store Sales Increase 4.1 Percent
Publix’s sales for the second quarter of 2015 were $8 billion, a 6 percent increase from last year’s $7.5 billion. Comparable-store sales for the second quarter of 2015 increased 4.1 percent. Net earnings for the second quarter of 2015 were $482.7 million, compared to $404.1 million in 2014, an increase of 19.5 percent. Earnings per […]
Posted in, Northeast
College Study Suggests $15 Minimum Wage Could Hike Restaurant Prices
Boosting employee wages to $15 an hour at limited-service restaurants could lead to an estimated 4.3 percent increase in prices at those restaurants, according to a recent Purdue School of Hospitality and Tourism Management study. The study also says that increasing wages to $22 per hour would result in a 25 percent increase in menu prices. […]
Posted in, Northeast
Rite Aid Sales Rise, New CEO Appointed
Rite Aid’s same-store sales increased 2.4 percent for the four-week period ended July 25 compared to the prior-year period. July front-end same-store sales increased 0.1 percent. Pharmacy same-store sales increased 3.4 percent. Total drugstore sales for the four-week period increased 2.1 percent to $2.016 billion compared to $1.975 billion for the same period last year. […]
Posted in, Northeast
Weis Markets Reports Strong 2Q Results, And More…
Supermarket News In Brief… Weis Markets of Sunbury, Pennsylvania, has reported a 28.4 percent increase in its second quarter net income, while its sales for the same period increased 3.8 percent. “Our second quarter results reflect our continuing investments in sales-building strategies and disciplined promotions that helped us generate strong sales and net income increases,” […]
Posted in, Albertsons, Corporate Store News, National
Albertsons Looks To Go Public
Albertsons Cos. Inc. has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The announcement comes just months after Albertsons merged with […]
Posted in, Grocery News, Suppliers
ConAgra Getting Out Of Private Brands Biz
In releasing its 2015 fourth quarter results ended May 21, ConAgra Foods said Tuesday that it plans to “exit the private brands operations.” Sales for the company’s private brands segment were $1 billion, down slightly, in the fourth quarter. The company estimates that the extra week favorably impacted sales and volume by approximately 7 percent. […]
Posted in, C-Store News, National
NACS: Consumer Optimism Strengthens As Gas Prices Remain Low
A majority of Americans say they are optimistic about the economy and low gas prices are driving the optimism. Overall, 52 percent of Americans are optimistic about the economy, an eight-point jump from March. Those most optimistic are younger consumers age 18-34 (58 percent) and those in the West (58 percent), according to survey results […]
Posted in, Beverage News, Corporate Store News, Southwest, Suppliers
Austin-Based BeeSweet Lemonade Is Whole Foods’ Newest Loan Program Recipient
Whole Foods Market is partnering with Austin, Texas-based BeeSweet Lemonade, founded by 10-year-old Mikaila Ulmer, as the newest recipient of a low-interest loan through the company’s Local Producer Loan Program. Ulmer’s high-quality lemonade, made with mint, honey and flaxseed, currently is sold in 32 Whole Foods Market stores, with plans to expand into new regions […]
Posted in, Corporate Store News, West
Sprouts Announces Launch Of Public Offering By Selling Stockholders
Phoenix, Arizona-based Sprouts Farmers Market has announced the launch of a public offering of 15,847,800 shares of its common stock held by affiliates of Apollo Global Management. The affiliates of Apollo will be the only selling stockholders. The company will not issue shares in the offering and will not receive any proceeds from the sale of the […]
Posted in, Corporate Store News, National
Kroger Marks 45th Consecutive Quarter Of Positive ID Stores Sales
The Kroger Co. has reported its 45th consecutive quarter of positive identical supermarket sales growth, excluding fuel—as the grocer reported its fourth quarter and fiscal year 2014 results on Thursday. The company reported fourth quarter identical supermarket sales growth, without fuel, of 6.0 percent. “2014 was an outstanding year by all measures,” said Kroger Chairman […]
Posted in, Corporate Store News, Northeast
Weis Markets’ Sales Up, But Net Income Down In 4Q And 2014
Weis Markets on Tuesday reported that its fourth quarter sales increased 4.0 percent to $713.8 million while its comparable store sales increased 3.5 percent. During the 13-week period ending Dec. 27, the Sunbury, Pennsylvania-based company’s earnings per share totaled $0.51 compared to $0.59 for the same period in 2013. The company’s fourth quarter net income […]