• Costco Wholesale reported October sales of $5.3 billion, up two percent from the $5.21 billion reported for the same period a year ago. US same-stores sales for the month were up two percent, though international sales down 10 percent, for a total same-store sales decline of one percent.
• Whole Foods has announced that its fourth quarter earnings were $1.5 million, down dramatically from the $33 million in earnings recorded during the same period a year ago. Q4 sales were $1.79 billion, up from $1.74 billion last year,
Whole Foods also said yesterday that Lenard Green & Partners, a retail investment group, has purchased %425 million worth of preferred stock in the company, which if converted to common stock, would equate to 17 percent of the company. CEO John Mackey said that the investment would give the company financial flexibility to deal with challenges brought on by a declining economy.
• Ahold said today that its total company third quarter sales were the equivalent of $7.5 billion (US), up 3.9 percent from the same period a year ago ad up 7.6 percent at constant exchange rates.
The company said that its Stop & Shop / Giant of Landover division saw Q3 sales increase 4.4 percent to $3.9 billion (US), with same-store sales up 4.8% at Stop & Shop and 1.0% at Giant-Landover. Giant-Carlisle’s Q3 net sales were up 11.8% to $1.1 billion, on same-store sales that were up 8.7 percent.
• Sara Lee reported Q1 net income of $230 million, up 15 percent from $200 million a year earlier. Sales rose nearly 10 percent, to $3.35 billion.
• Whole Foods has announced that its fourth quarter earnings were $1.5 million, down dramatically from the $33 million in earnings recorded during the same period a year ago. Q4 sales were $1.79 billion, up from $1.74 billion last year,
Whole Foods also said yesterday that Lenard Green & Partners, a retail investment group, has purchased %425 million worth of preferred stock in the company, which if converted to common stock, would equate to 17 percent of the company. CEO John Mackey said that the investment would give the company financial flexibility to deal with challenges brought on by a declining economy.
• Ahold said today that its total company third quarter sales were the equivalent of $7.5 billion (US), up 3.9 percent from the same period a year ago ad up 7.6 percent at constant exchange rates.
The company said that its Stop & Shop / Giant of Landover division saw Q3 sales increase 4.4 percent to $3.9 billion (US), with same-store sales up 4.8% at Stop & Shop and 1.0% at Giant-Landover. Giant-Carlisle’s Q3 net sales were up 11.8% to $1.1 billion, on same-store sales that were up 8.7 percent.
• Sara Lee reported Q1 net income of $230 million, up 15 percent from $200 million a year earlier. Sales rose nearly 10 percent, to $3.35 billion.
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