Sprouts Farmers Markets on Thursday said it met quarterly comps sales guidance and beat earnings estimates on higher margins only to see its stock fall by nearly 7% on a cautious outlook including lower expectations for margins in the current quarter and sales for the fiscal year.
Sprouts Farmers Markets on Thursday said "near zero inflation" kept comparable store sales near the low end of its expected range — and below more optimistic Wall Street expectations — during the fiscal first quarter.
In a move it said would broaden product selection and improve service for its customers, C&S Wholesale Grocers on Wednesday said it had signed an agreement to acquire Davidson Specialty Foods, a leading specialty food distributor based in Newington, Conn.
The lenders-turned-owners of Fairway Markets are betting on a fast-moving, bankruptcy-aided turnaround for the beleaguered New York icon — and hoping to avoid the fate of the last area grocer to go Chapter 11.
In a move officials hope can provide an appropriate format for conventional stores serving lower-income neighborhoods, Southeastern Grocers this morning is putting a new face on a conventional Winn-Dixie store.
The parent company of iconic New York grocery chain Fairway Market has filed a "prepackaged" Chapter 11 bankruptcy restructuring Tuesday whereby lenders have agreed to exchange existing debt for new equity and debt in a reorganized company.
Delhaize Group said Wednesday that sales momentum at its Food Lion and Hannaford brands continued in the fiscal first quarter, with both U.S. brands posting comp growth despite price deflation and effects of an Easter calendar shift.
In his first public address since being named CEO of Supervalu's Save-A-Lot division in December, Eric Claus on Tuesday detailed five initiatives designed to boost sales and broaden the appeal of the limited assortment discounter.
Sprouts Farmers Markets has informed federal securities regulators that a member of its board of directors, Shon Boney, should not be identified as an independent director in accordance with Nasdaq regulations.