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Large Chains

  • Publix Q1 delivers higher stock price

    LAKELAND, Fla. -- Strong earnings and sales growth in the first quarter helped drive up Publix's stock price.

    Publix’s sales for the first quarter of 2011 were $6.8 billion, a 4.4% increase from last year’s $6.5 billion. Comparable-store sales for the first quarter of 2011 increased 2.8%.

    Net earnings for the first quarter of 2011 were $398.2 million, compared with $364.4 million in 2010, an increase of 9.3%. Earnings per share for the first quarter increased to 51 cents for 2011, up from 47 cents per share in 2010.

  • New leadership emerges at NACDS

    SCOTTSDALE, Ariz. — The National Association of Chain Drug Stores announced a successor for Larry Merlo as its new board of directors chairman, along with several other elected officers, at its 2011 Annual Meeting. Robert Loeffler, who serves as H-E-B's chief administrative officer, will replace Merlo, who is CVS Caremark president and CEO, as NACDS board chairman. Additionally, Walgreens president and CEO Greg Wasson was elected vice chairman, while Thrifty White president and CEO Robert Narveson was named treasurer.

  • Publix Q1 profit up 9.3%

    Lakeland, Fla. -- Publix Supermarkets said Monday that sales and earnings rose in the first quarter. Net earnings rose 9.3% to $398.2 million, compared with $364.4 million in 2010.

    Sales for the first quarter totaled $6.8 billion, and same-store sales rose 2.8%.

    “Although the economy continues to be weak, I’m pleased our strong operating performance resulted in another increase in our stock price,” said Ed Crenshaw, Publix’s CEO, said in a statement.

  • Stater Bros. earns EPA awards

    Bernardino, Calif.  -- Three new Stater Bros. a that three supermarkets have earned the prestigious EPA GreenChill Gold Certification for meeting tough standards and using refrigerants that do not harm the earth's ozone layer.

    Stater Bros. is the only Southern California grocer to have three stores that are certified at the Gold Level, which is the second highest award from GreenChill.

    EPA's GreenChill Partnership works with supermarkets to reduce refrigerant emissions and decrease their impact on the ozone layer and climate change.

  • America’s Mattress to open at Sherwood Market Center

    Sherwood, Ore. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to America’s Mattress, which will open a 5,200-sq.-ft. location at Sherwood Market Center, located in Sherwood, Ore.

    The new store, slated to open this summer, will bring the center to 98% leased.

    The 124,000-sq.-ft. shopping center is anchored by Albertsons, alongside national retailers Supercuts, Baskin Robbins, Massage Envy, Snap Fitness, Chase Bank and GNC.

  • Southeast supermarket chain reports positive Q2

    ASHEVILLE, N.C. — Net sales and net income for Ingles Markets realized a 4% and 38% increase, respectively, during the second quarter ended March 26, the retailer announced Friday.

    Ingles reported that second-quarter net sales rose $33.4 million to $870.4 million, while second-quarter net income increased from $5.6 million to $7.7 million.

  • Ingles Markets reports positive Q2 earnings

    Asheville, N.C. — Net sales and net income for Ingles Markets realized a 4% and 38% increase, respectively, during the second quarter ended March 26, the retailer announced Friday.

    Ingles reported that second-quarter net sales rose $33.4 million to $870.4 million, while second-quarter net income increased from $5.6 million to $7.7 million.

  • Weis expands 2011 cap ex budget

    Sunbury, Pa. — Weis Markets on Thursday announced an increase of its 2011 capital expenditure budget by 7% to $110 million. The current budget includes 14 major remodels, two additions and three new/replacement stores.

    The company currently is building a replacement unit near Reading, a new unit near Easton and a replacement unit near State College, all in Pennsylvania.

  • Lots of talk, but where’s the action?

    Mike Duke presented at the Barclay’s conference Tuesday, and, as we predicted in last week’s WNN, he did not speak about first-quarter sales, which the company will report on May 17. Instead Duke focused on such broad goals as growth, leverage, but offered little detail on how the company plans to achieve them.

  • Walmart testing grocery delivery service

    Regional supermarket chains that offer grocery delivery services may soon have some competition from Walmart if its program is expanded nationwide. According to several reports including one in The Wall Street Journal and another in The New York Times, Walmart is testing its Walmart To Go service in San Jose, Calif. 

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