• Ingles Markets reported that its just completed fiscal year saw sales increase 6.4 percent to $2.3 billion, with same-store sales up 6.1 percent. Net profit was down 11 percent to $25.6 million.
• Canadian retailer Sobey’s posted a three percent second quarter drop in net profit to the equivalent of $40 million (US). Sales for the period were 8.5 percent to $2.8 billion (US), with same-store sales up 3.6 percent.
• Canadian retailer Sobey’s posted a three percent second quarter drop in net profit to the equivalent of $40 million (US). Sales for the period were 8.5 percent to $2.8 billion (US), with same-store sales up 3.6 percent.
- KC's View:
