Single Serve Solutions
Fratelli Beretta - Over 200 Years of Bringing Families Together - For Passion - For Quality
Briette: Fine cheese in a fresh pack

Roundy's Third Quarter Financials


Roundy’s Inc. has announced its third quarter financial results. Net sales for this third quarter of 2012 were $973.6 million, a decrease of $3.3 million, or 0.3%. The decrease is primarily due to same-store sales, which reflected a 3.0% decrease in the number of customer transactions and a 0.7% decrease in average transaction size. Adjusted net income, excluding one-time employee expenses, was $8.8 million or $0.20 earnings per share, down from $12.4 million or $0.41 earnings per share from the same quarter of the previous year. Adjusted EBITDA was $43.1 million compared to $56.7 million in the same period last year. Robert Mariano, Roundy’s chairman, president and chief executive officer stated, “During the third quarter, our results continued to be negatively affected by the general weakness in the overall economy and increased competitive environment.” He continued, “…As we look ahead, we are carefully examining our entire operation for ways in which we might improve sales and earnings and, accordingly, have already made adjustments to our pricing and promotions to drive our performance.”
Topics: