Skip to main content

Financial News

  • Weis Markets' year-end sales down slightly by 0.3%

    SUNBURY, Pa. — Weis Markets on Tuesday evening posted $686.4 million in fourth-quarter sales for the 13-week period ended Dec. 28, 2013, representing a decline of 1.1% as compared to the year-ago period. Comparable store sales for the same period were down 3.5%. In 2013, the company's sales totaled $2.7 billion, down 0.3% compared to 2012. Comparable store sales for the 52-week period ending Dec. 28 declined 2.6%.

  • Publix posts $28.9 billion in annual sales

    LAKELAND, Fla. — Publix sales for the fiscal year ended Dec. 28, 2013 were $28.9 billion, a 5.2% increase. Comparable-store sales for 2013 increased 3.6%. 

    Publix's sales for the fourth quarter of 2013 totaled $7.4 billion, a 5.3% increase, the grocer reported Monday. Comparable-store sales for the fourth quarter of 2013 increased 4.3%. 

  • Mead Johnson expands board by one and appoints a former Ernst & Young vice chairman as a director

    GLENVIEW, Ill. — Mead Johnson Nutrition on Friday expanded the size of its board from 11 to 12 members and appointed Michael Grobstein as its newest director. He is a retired vice chairman of Ernst & Young, one of the world's largest professional services organizations.

  • McKesson moves to buy out remaining shares of Celesio

    SAN FRANCISCO  — McKesson on Friday announced that the wholesaler has launched a voluntary public takeover offer for the remaining outstanding shares of Celesio through its indirect wholly-owned subsidiary Dragonfly. 

    There are no closing conditions in relation to the takeover offer. McKesson currently exceeds 75% ownership of Celesio shares on a fully diluted basis.

  • Roundy's sees net sales increase 2% for Q4

    MILWAUKEE — Roundy's earlier this week reported financial results for fourth-quarter and full year ended Dec. 28, 2013.

    For fourth-quarter 2013, the grocer saw a net sales increase of 2% to $1,001.9 million, with net income at $8.7 million, or $0.19 diluted net earnings per common share. For the full year 2013, the company saw net sales increase by 1.5% to $3,949.9 million. Net income was $34.5 million, or $0.76 diluted net earnings per common share.

  • Report: CVS, Dollar General and Walgreens each approached to bid on Fred's

    NEW YORK — Fred’s Super Dollar has visited CVS Caremark, Dollar General and Walgreens seeking bids for its Southeastern chain of discount stores, according to a report published Friday by Bloomberg News. 

    Buyout firms including Miami-based H.I.G. Capital also were contacted, the report added.

  • Ahold preparing major Peapod push into New York market

    ZAANDAM, The Netherlands — Ahold announced plans to significantly expand its Peapod presence in the U.S. market when announcing fourth-quarter results on Thursday. "Peapod is expected to double its capacity in the U.S. in 2014," Dick Boer, Ahold CEO, told analysts. 

  • Deutsche Bank: Kroger in the running for Safeway in addition to Cerberus

    NEW YORK — Deutsche Bank on Thursday speculated that either Cerberus or Kroger could acquire Safeway. 

    The firm noted that divestitures in a Kroger acquisition would exceed those in a Cerberus buyout.  

    A Bloomberg report published last week suggested Cerberus was the lead bidder for Safeway's operations. 

X
This ad will auto-close in 10 seconds