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Roundy’s swings to Q2 loss on closure costs
Milwaukee – Costs related to the exit of its Rainbow business in the Twin Cities markets, as well as the upcoming closure of a distribution center, helped push Roundy’s Inc. to a net loss in the second quarter of fiscal 2014. Roundy’s reported a net loss of $13.5 million, compared to net income of $11.6 million.
Net sales from continuing operations for second quarter 2014 were $971.9 million, an increase of 12% from $868.3 million for second quarter 2013. Same-store sales dropped 2.2%.
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Costco sales get boost in July
Costco saw a boost in net sales and same-store sales during the month of July.
Net sales totaled $8.55 billion for the four weeks ended Aug. 3, an increase of 9% from $7.87 billion during the similar four-week period last year.
Same-store sales increased 5%, while U.S. same-store sales also increased 5% during the period.
For the 48 weeks ended Aug. 3 net sales were $101.43 billion, an increase of 7%. During the 48 weeks, same-store sales increased 4%. In the United States, same-store sales rose 5%.