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More in Financial Performance

  • Oct. 25, 2012
    Article

    Wakefern Posts 6.4% Sales Gain 1

    KEASBEY, N.J. — Wakefern Food Corp. here said retail sales for the recently ended fiscal year were up 6.4%, to $13.6 billion....More
  • Oct. 24, 2012
    Article

    Spartan to Continue Investments

    GRAND RAPIDS, Mich. — Spartan Stores here said Wednesday it plans to continue to make strategic promotional and capital investments to drive higher sales to counter the slow pace of economic recovery while also focusing on improving profitability....More
  • Oct. 24, 2012
    Article

    USDA Survey: Organic Produce Drives Sector Sales

    Organic farming is now a $3.53 billion industry, according to the newly released 2011 Certified Organic Production Survey from the U.S. Department of Agriculture’s National Agricultural Statistics Service....More
  • Oct. 22, 2012
    Article

    Kroger Eyes New Markets

    NEW YORK — Declaring confidence in its momentum but fed up with a stagnating stock price, Kroger last week detailed a plan to boost its annual earnings growth in part by increasing capital spending and growing square footage in new and existing markets....More
  • Oct. 18, 2012
    Article

    Supervalu Slows Price Cuts, Posts Loss

    MINNEAPOLIS — Supervalu here said Thursday it is rethinking its aggressive price-reduction efforts and weighing a more "holistic" approach to value....More
  • Oct. 18, 2012
    Article

    Supervalu Posts Q2 Loss, Rethinks Price Investments

    MINNEAPOLIS — Supervalu here said Thursday that it recorded a loss of $111 million in the fiscal second quarter on a 4.6% decline in sales, to $8 billion....More
  • Oct. 17, 2012
    blog

    Supermarkets, Where Did Your Customers Go?

    Sales at supermarkets, warehouse clubs and supercenters are not even keeping up with the inflation rate. Supermarket News’ recent discussion with food industry analysts talked about the so-called “shrinking pie” of food sales indicating that consumers are buying less food. But is that truly the case, or is it just that consumers are changing where they buy their food?...More
  • Oct. 10, 2012
    Article

    Costco to Accelerate Warehouse Openings

    ISSAQUAH, Wash. — Costco Wholesale Corp. here said Wednesday it would accelerate warehouse openings next year to between 27 and 30 — its biggest expansion since 2007....More
  • Oct. 9, 2012
    Article

    Village Eyes Replacement Stores, Remodels

    SPRINGFIELD, N.J. — Village Super Market expects capital expenditures of approximately $20 million in its new fiscal year, allowing for the construction of two replacement stores and the completion of three major store remodels....More
  • Oct. 9, 2012
    Article

    Supplier Leadership Award 2012 Winner for Executive Leadership: Hormel Foods

    Hormel’s executive leadership has had an unrelenting focus on diversity of product that has protected the company against market volatility....More
  • Oct. 8, 2012
    Article

    Supermarket Financial Positions Inching Ahead

    Analysts see marginal gains for the food retailing industry in the second half of 2012....More
  • Oct. 4, 2012
    Article

    Village Posts Q4 Sales, Profit Gains

    SPRINGFIELD, N.J. — Village Super Market here said sales and profits grew in the fourth quarter, despite ongoing challenges at its two new Maryland stores....More
  • Oct. 3, 2012
    Article

    Tesco Trims U.S. Investment 1

    CHESHUNT, England — Tesco here said it plans to constrain capital investment in the U.S. during the second half, with only a handful of new stores planned for the balance of the fiscal year....More
  • Oct. 3, 2012
    Article

    Food Lifts Family Dollar Q4 Results

    MATTHEWS, N.C. — Family Dollar Stores said Wednesday that expanded selections of food and consumables sparked sales gains for the fourth quarter and fiscal year....More
  • Oct. 1, 2012
    Article

    Independents’ Profits Rise in 2011: NGA 1

    ARLINGTON, Va. — The independent sector saw average net profits before taxes rise to 1.12% in 2011, compared with 1.08% in 2010, according to the 2012 Independent Grocers Financial Survey from the National Grocers Association and FMS Solutions....More
  • Sep. 25, 2012
    Article

    Analysts Ponder: Is Kroger All It Can Be?  

    Kroger Co. is likely to continue seeking to build volume at a slow and steady pace, while Safeway is counting on Just For U to give it a sustainable boost, according to participants in SN’s 17th annual Analysts Roundtable here....More
  • Sep. 18, 2012
    Article

    Retailers Remain Cautious in Outlook

    CHICAGO — Retailers overall remain cautious and most are predicting near-term economic stagnation, but a recent survey shows that some are becoming more optimistic about economic conditions....More
  • Sep. 17, 2012
    Article

    Bleak Expectations: Financial Pressures Worry Supermarket Analysts   2

    The sluggish economy and other factors will continue to challenge many traditional supermarkets, according to participants in the 2012 SN Analysts Roundtable....More
  • Sep. 11, 2012
    Article

    FreshFacts Reports Second Quarter Produce Sales Up

    WASHINGTON — Consumers’ increasing zeal for healthier eating apparently trumped watchful spending because a new report shows fresh produce sales up in both volume and dollars despite some higher prices at retail for the second quarter of this year....More
  • Sep. 7, 2012
    Article

    Kroger Sales Up, but Taxes Nip Earnings

    CINCINNATI — Kroger here on Friday said same-store sales were up 3.6% in the second quarter, excluding fuel, but earnings were down 0.6% vs. a year ago....More
  • Sep. 5, 2012
    Article

    Supermarket Share Loss to Slow: Report 1

    NEW YORK — The rate at which traditional supermarkets in the U.S. lose share to alternative formats will slow as the leading grocers roll out sales-building strategies, according to a research note from Moody’s Investors Service here....More
  • Sep. 5, 2012
    Article

    ‘Trade-Down’ Shoppers Boost Dollar General

    GOODLETTSVILLE, Tenn. — Dollar General here Wednesday said earnings increased 47% in the second quarter behind a 10.4% increase in sales....More
  • Aug. 30, 2012
    Article

    August Comps Up at Costco, Target

    Both Costco Wholesale Corp. and Target Corp. reported stronger sales for the month of August....More
  • Aug. 29, 2012
    Article

    Fresh Market Boosts Outlook

    GREENSBORO, N.C. — The Fresh Market here plans to maintain an annual growth rate of 15% for the foreseeable future, Craig Carlock, president and chief executive officer, told investors Wednesday....More
  • Aug. 27, 2012
    Article

    Ahold Cites Inflation in Cautious Outlook for Year

    AMSTERDAM — Despite posting profit and sales gains at its U.S. operations in the second quarter, Ahold here said it remained “cautious” in its outlook for the full year because of the potential for commodity cost increases....More
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