Roundy's sees net sales increase 2% for Q4

MILWAUKEE — Roundy's earlier this week reported financial results for fourth-quarter and full year ended Dec. 28, 2013.

For fourth-quarter 2013, the grocer saw a net sales increase of 2% to $1,001.9 million, with net income at $8.7 million, or $0.19 diluted net earnings per common share. For the full year 2013, the company saw net sales increase by 1.5% to $3,949.9 million. Net income was $34.5 million, or $0.76 diluted net earnings per common share.

“We continued to experience an improvement in our sales cadence across our core markets which helped us begin to generate a slight increase in a number of key metrics versus the prior year,” said Robert A. Mariano, chairman, president and CEO of Roundy’s. “While we still have important challenges to overcome in our core markets, we believe the investments we made in 2013 and continue to make in 2014 are beginning to resonate with our customers.”

 

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