AUSTIN, Texas — “Wow!” That was the reaction of one analyst, Scott Mushkin of Jefferies, upon reviewing second-quarter figures from Whole Foods Market last week....More
MINNEAPOLIS — Nash Finch intends to boost its customers’ price-competitiveness behind a program to stock the distributor’s private-label items — and remove their competitors....More
SUNBURY, Pa. — Weis Markets said Thursday that net earnings improved 7.7% to $20 million in its fiscal first quarter behind increased store productivity and cost controls. Sales for the 13-week period, which ended March 31, increased 0.3% to $661.6 million....More
BRUSSELS — Price investments at the Food Lion and Hannaford banners are positioning the stores for long-term success but are coming at a cost to earnings, officials of parent company Delhaize Group here said Thursday....More
AUSTIN, Texas — Whole Foods Market late Wednesday said earnings during the fiscal second quarter soared by 31% on a 9.5% increase in comparable store sales....More
PLEASANTON, Calif. — Any investors who are skeptical of Safeway’s chances of gaining market share won’t have to wait long to see if their assumptions are correct, Steve Burd, chairman and chief executive officer, told analysts last week....More
MINNEAPOLIS — Shares of Supervalu were trading down Monday following a Goldman Sachs report suggesting the retailer may encounter more trouble than the financial community expects realizing the benefits of its ongoing turnaround....More
ASHEVILLE, N.C. — Lower margins on rising gasoline prices and milder winter weather contributed to flat same-store sales and a dip in profits during the fiscal second quarter for Ingles Markets, the retailer here said Monday....More
MINNEAPOLIS — Slowing inflation and higher investments in marketing programs led to quarterly declines in sales and profits for Nash Finch Co., the distributor here said Friday....More
PLEASANTON, Calif. — Any investors who are skeptical of Safeway’s chances of gaining market share won’t have to wait long to see if their assumptions are correct, Steve Burd, chairman and chief executive officer, told analysts Thursday....More
CHESHUNT, England — Despite reduced losses, Tesco here has pushed back the timeframe for reaching a break-even point for its Fresh & Easy Neighborhood Market chain in the U.S. until early 2014 rather than early 2013, the company said Wednesday....More
MONTREAL — Metro Inc. here on Wednesday said net earnings for the fiscal second quarter increased 12.1% to $96.5 million (U.S.) on a 1% increase in same-store sales....More
NEW YORK — Moody's Investors Service here said Friday it was upgrading a rating of certain Dollar General debt based on changes in the ownership and other factors....More
MINNEAPOLIS — Supervalu here said Tuesday it expects to continue to report negative same-store sales through next February, when its fiscal year ends, with comps projected to fall between 1% and 2%....More
WILLIAMSVILLE, N.Y. — Tops Friendly Markets here swung to a $1.2 million profit in the fiscal fourth quarter behind increases in traffic and same-same sales at renovated locations as well as reduced expenses....More
MINNEAPOLIS — Comparable-store food sales at Target Corp. rose in the “mid-teens” in March, the retailer here said last week, as retailers around the country reported strong sales ahead of the early Easter holiday this year....More
GOODLETTSVILLE, Tenn. — Dollar General here said its Dollar General Market format would be a “significant part of its initial California strategy” as it seeks to grow in that state....More
WILLIAMSVILLE, N.Y. — Tops Markets here swung to a $1.2 million profit in the fiscal fourth quarter behind increases in traffic and same-same sales at renovated locations as well as reduced expenses....More
NEW YORK — Moody's Investors Service here said it was confirming the bond ratings, with a stable outlook, for Sprouts Farmers Markets, Phoenix, as it prepares to merge with Sunflower Farmers Markets, Boulder, Colo....More
NEW YORK — Moody’s Investors Service changed its outlook on Ingles Markets from negative to stable and affirmed its Ba3 corporate credit rating, saying the Asheville, N.C.-based retailer can grow sales and reduce costs this year....More
GOODLETTSVILE, Tenn. — Dollar General here said Thursday that its Dollar General Market format would be a “significant part of its initial California market strategy” as it seeks to grow in that state....More
MONTVALE, N.J. — A&P should be able to maintain adequate liquidity and improve its performance in the coming years, but will still lag competitors’ operating metrics and be vulnerable to sales declines and a slow economy, according to Standard & Poor's, which assigned the reorganized company a B- corporate credit rating and a negative outlook this week....More
NEW YORK — The prospect of gasoline retailing for $5 a gallon would disproportionately impact food retailers with price credibility issues, according to a report released Wednesday by BMO Capital Markets....More
