OTC, vision categories drive Drugstore.com’s Q1
BELLEVUE, Wash. — Drugstore.com on Thursday posted a net sales increase of 16% to $128.4 million for its first quarter ended April 3.
"In the first quarter, we delivered strong over-the-counter and vision [categories] growth of 16% and 17%, respectively," stated Dawn Lepore, Drugstore.com CEO and chairman. "With our continued investment in our marketing initiatives, we acquired approximately 540,000 new customers this quarter, up 13% over the first quarter of 2010.”
Drugstore.com made strategic progress on a number of fronts, Lepore reported, including the implementation of a new site navigation, the launch of three branded sites for Luxottica and the signing of an agreement with GSI Commerce for the company’s West Coast distribution center.
During the quarter, Drugstore.com incurred transaction expenses totaling $2.2 million related to the previously announced merger agreement with Walgreens. That acquisition is expected to close by the end of June. Including these expenses, Drugstore.com reported a net loss of $3.2 million and a net loss per share of 3 cents, compared with a net loss of $2.6 million and a net loss per share of 3 cents reported in the same period of the prior year.
Publix raises funds for tornado victims
LAKELAND, Fla. — Publix announced that it has kicked off a donation program that offers customers and associates the opportunity to directly assist those in the South affected by recent tornadoes and severe weather.
Customers will be able to donate funds by adding them to their grocery totals at Publix registers. The funds will be channeled through the American Red Cross.
In a separate donation, Publix Super Markets Charities is contributing $100,000 to the American Red Cross for relief efforts for the areas affected by the tornadoes.
“Our customers and associates have trusted Publix to react quickly and help those affected by tragic circumstances,” said Maria Brous, director of media and community relations. “This disaster to the South hits close to home as we operate in some of the impacted areas. Our first priority was to account for our associates and then to focus on our operations in order to continue serving our communities in time of need.”
Ingles reports positive Q2, half-year results
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.
Excluding gasoline, total sales increased 2.4%, and grocery segment comparable-store sales increased 1.9%, compared with the second quarter of the prior fiscal year. The number of customer transactions (excluding gasoline) increased 0.8%, while the comparable average transaction size increased 1.5%, compared with the same quarter last year.
For the first six months of fiscal 2011, net sales rose 3.9% to $1.74 billion, and net income increased 32.4% to $15.4 million, compared with the first six months of fiscal 2010.
During the March 2011 six-month period, Ingles opened one new store and three remodeled stores.
Commenting on the financial results, Ingles Markets CEO Robert Ingle II said the second-quarter results were a "testament to the legacy" of the company’s founder, Robert Ingle, who passed away March 6.