- Smart & Final posted second quarter sales of $457.8 million, a 16.6 percent increase over the same period a year ago, and a same-store sales that were up 16.3 percent.
Income from continuing operations reached $8.3 million, an increase of $14.9 million over last year’s second quarter loss of $6.6 million.
Company CEO Etienne Snollaerts, while acknowledging that the company’s recent strong financial performance could be attributed to sales picked up during the four-month grocery strike in Southern California, noted that the second quarter results suggest that many of these customers have stayed with the company.
- Weis Markets reported that second quarter sales increased 2.6 percent to $521.4 million and that same-store sales increased 3.2 percent for the period. The company generated $13.6 million in second quarter net income, a 1.0 percent decline compared to the same period a year ago.
Year-to-date, Weis's sales increased 2.5 percent to $1.04 billion and same-store sales were up 3.1 percent. Year-to-date net income increased 1.1 percent to $29.9 million.
- Australian retailer Woolworths Ltd. posted annual sales from the just-completed fiscal year that were up 6.7 percent to the equivalent of $20.4 billion (US) from $19.1 billion (US) a year ago. Fourth quarter sales were up 6.3 percent to $4.7 billion (US). Market observers said that the results were disappointing, but could be traced to a discount gasoline offer made by rival Coles Myer. The worst of this impact, however, is believed to be over.
