- Supervalu posted first quarter net sales of $6.0 billion, up from $5.9 billion during the same period a year ago, and net earnings of $91.2 million, down from $149.4 million a year ago. The Retail Food division saw same-store sales increase 1.7 percent.
During a conference call with analysts yesterday, company CEO Jeff Noddle said Supervalu would help Save-A-Lot franchisees remodel between 200 and 300 units during the coming year as a way of helping to bolster their performance.
- The Coca-Cola Co. reported second quarter earnings of $1.72 billion, compared to a profit of $1.58 billion in the same period a year ago. Revenue in the quarter was $6.31 billion, a seven percent increase from the $5.91 billion recorded in the same three-month period a year ago.
- Spartan Stores reported first quarter overall sales of $429.3 million, down 3.1 percent from the same period a year ago, with same-store sales down 2.8 percent during the quarter. Earnings improved 23% to $6 million.
- Nash Finch reported a second-quarter net profit of $9.7 million, as compared to a net loss of $15.6 million for the second quarter of 2004. Total sales for the second quarter of 2005 were $1.085 billion as compared to $906.4 million in the prior-year period.
