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Roundy's sets guidance, cap-ex
Roundy’s on Thursday said it expected same-store sales to be slightly negative for the 2015 fiscal year and that it would likely show a net loss for the year.
2 Min Read
Roundy’s on Thursday said it expected same-store sales to be slightly negative for the 2015 fiscal year and that it would likely show a net loss for the year. Overall sales of $4 billion to $4.1 billion are expected, slightly ahead of estimates of $3.9 billion this year.
Adjusted EBITDA for the fiscal year ending Jan. 2, 2016, is expected to be between $115 million and $125 million, with expectations of a net loss of between 7 cents and 18 cents per share on the year. Same-store sales are expected to decrease during the year by a range of -0.75% to -2.75%.
The Milwaukee-based retailer, parent of the Mariano’s and Pic n’ Save chains, made the guidance announcement during a “quiet period” ahead of its fourth quarter and 2014 fiscal year-end results which will be announced shortly. It said it would not discuss details of its guidance until then.
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Roundy’s said that capital expenditures in the fiscal year are expected in the range of $68 million to $73 million and include five new stores.
Pewaukee, Wis.-based supermarket analyst David J. Livingston told SN Thursday that the figures appear to be “nothing out of the ordinary” for Roundy’s, which despite rapid growth of Mariano’s Fresh Market stores in the Chicago market is facing heavy competition in Wisconsin.
