US: Roundy's income up in Q2
Milwaukee-based Roundy’s said Thursday its net sales increased 1.7 percent, to $996.8 million, for the second quarter. The increase primarily reflected the impact of new food stores and was partially offset by a 3.3 percent decrease in same-store sales, the company said.
"Our second quarter results reflect the ongoing effects of a challenging economic environment on our business and our consumers," said Roundy’s chairman, CEO and president Robert Mariano. “Our top-line results were constrained by an increasingly price-conscious consumer and greater-than-anticipated pricing and promotional activity in several of our major markets.”
Year-to-date, Roundy’s said its net income was $21.2 million, or 51 cents per share, compared with $26.5 million, or 87 cents, in the first half of 2011. Revenue was $1.94 billion in the first half of 2012 compared with $1.9 billion in the same period of 2011.
Source: bizjournals.com
