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Business Analytics

  • Weis Markets profit rises 11% in 2011

    Sunbury, Pa. -- Weis Markets reported Monday that net income for the year ended Dec. 31 increased 10.7% to $75.6 million. Sales for the period rose 5% to $2.8 billion, and same-store sales increased 4.2%.

    In the fourth quarter, the grocer saw an even stronger performance, as net income surged 37%, sales rose 11.4% and comps increased 4.8%.
     

  • 2012 not looking good for consumer spending

    NEW YORK — The Deloitte Consumer Spending Index, released Thursday, continued downward in January and consumer spending will face additional economic headwinds in 2012, according to Deloitte. The Index tracks consumer cash flow as an indicator of future consumer spending.

  • Whole Foods profit rises 33%; 69 new stores in development

    Austin, Texas -- Whole Foods Market Inc. reported Wednesday that profit for the first quarter rose a better-than-expected 33% to $118.3 million amid increased customer visits and higher prices on select items. On a follow-up conference call with analysts, the chain revealed it has 69 new stores in development, or 2.4 million square feet, in development.

  • CVS Caremark Q4 profit up nearly 4%

    Woonsocket, R.I. -- CVS Caremark Corp.'s fourth-quarter earnings rose nearly 4% to $1.06 billion, amid increased pharmacy services revenue because of a long-term contract and new business. The company raised its 2012 earnings forecast by 3 cents per share to account for gains it expects because of a contract dispute between Walgreens and Express Scripts Inc.

    Net revenues for the quarter increased 15.2% to a record $28.3 billion. Drugstore revenue increased 4%. Same-store sales were up 2.5%.

  • Supervalu to eliminate 800 positions

    Minneapolis -- Supervalu said Tuesday that will reduce its national work force by approximately 800 positions as part of its long-term turn-around strategy and ongoing efforts to reduce costs. The reductions include both current positions and open jobs that will not be filled.

  • Pantry narrows Q1 loss

    Cary, N.C. -- The Pantry reported Tuesday that it narrowed its loss in the quarter ended Dec. 29 to $2.9 million, from $12.2 million in the year-ago period.

    Total revenue increased to $1.96 billion, beating Wall Street's expected $1.93 billion in revenue.

    Same-store merchandise revenue increased 2% in the quarter.
     

  • NPD Group to analyze Walmart POS data

    New York -- The NPD Group, Port Washington, N.Y., has signed an agreement with Wal-Mart Stores to receive and analyze its U.S. point-of-sale data.

     Under the terms of the agreement, NPD will receive sales data from Walmart U.S. stores and the retailer’s Web site. The deal covers a broad range of general merchandise categories, but does not include beauty. 

     

     

  • Walgreens same-store sales down 4.6% in January

    Deerfield, Ill. -- Walgreens said its same-store sales in January fell 4.6% in the wake of its decision to stop doing business with a major  pharmacy benefits manager. A weak flu season also figured into its results.

    Walgreen stopped filling prescriptions for patients in the Express Scripts network on December 31, 2011. Pharmacy same-store sales were down 7.9% in January.
     

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