• Supervalu Inc. said this morning that its first quarter sales were $12.7 billion, down from $13.3 billion during the same period a year ago, and net earnings of $113 million, down from $162 million a year ago.
According to the company press release, “First quarter retail food net sales were $9.9 billion compared to $10.3 billion last year, a decrease of 4.3 percent, primarily reflecting the impact of identical store sales of negative 3.2 percent and previously announced store closures. The identical store sales performance primarily results from a challenging economic environment, heightened competitive activity and additional investments in price and promotions … First quarter supply chain services net sales were $2.8 billion compared to $3.0 billion last year, a decrease of 6.2 percent, primarily reflecting the on going transition of Target Corporation volume to self-distribution.”
• Royal Ahold reports this morning that its second quarter revenue was the equivalent of $9.17 billion (US), up from $8.2 billion (US) during the same period a year ago.
The company said that same-store sales in its US divisions were up 1.7 percent at Stop & Shop, up 3.7 percent at Giant of Landover, and down 1.8 percent at Giant of Carlisle.
• Nash Finch said this morning that its second quarter net income was up 1.1 percent to $9.5 million. Q2 sales were up to $1.22 billion, from $1.02 billion during the same period a year ago. Same-store sales, according to the company, were up 1.9 percent, excluding an acquisition and the shift of Easter to the second quarter in 2009 from the first quarter in 2008.
According to the company press release, “First quarter retail food net sales were $9.9 billion compared to $10.3 billion last year, a decrease of 4.3 percent, primarily reflecting the impact of identical store sales of negative 3.2 percent and previously announced store closures. The identical store sales performance primarily results from a challenging economic environment, heightened competitive activity and additional investments in price and promotions … First quarter supply chain services net sales were $2.8 billion compared to $3.0 billion last year, a decrease of 6.2 percent, primarily reflecting the on going transition of Target Corporation volume to self-distribution.”
• Royal Ahold reports this morning that its second quarter revenue was the equivalent of $9.17 billion (US), up from $8.2 billion (US) during the same period a year ago.
The company said that same-store sales in its US divisions were up 1.7 percent at Stop & Shop, up 3.7 percent at Giant of Landover, and down 1.8 percent at Giant of Carlisle.
• Nash Finch said this morning that its second quarter net income was up 1.1 percent to $9.5 million. Q2 sales were up to $1.22 billion, from $1.02 billion during the same period a year ago. Same-store sales, according to the company, were up 1.9 percent, excluding an acquisition and the shift of Easter to the second quarter in 2009 from the first quarter in 2008.
- KC's View:
