Supervalu reports Q4 sales increase of 1.4%
MINNEAPOLIS — Supervalu on Wednesday reported fourth-quarter fiscal 2014 net sales of $4 billion, up 1.4%, and net earnings of $26 million, or $0.10 per diluted share.
"Fiscal 2014 was an important transition year for Supervalu as we stabilized the organization and set the foundation for our future,” stated Sam Duncan, Supervalu president and CEO. “I am pleased with the direction of our business segments and look forward to the new fiscal year where we can focus our attention on driving sales growth across the organization.”
Identical store sales in the retail food segment were positive 0.2%.
Identical store sales in the Save-A-Lot network were positive 2.1%. Identical store sales for corporate stores within the Save-A-Lot network were positive 3.5%.
Total sales within the independent business segment decreased 0.6%, primarily due to the continued impact of losing two large customers and lower military sales partially offset by net new business.
Diplomat to hold children’s health-and-wellness event
FLINT, Mich. — Diplomat on Tuesday announced it is holding a ‘Keep Kids Safe and Healthy’ event on April 26. The event will take place from 1 p.m. to 3 p.m. at Diplomat’s retail store in Flint.
The event will promote Diplomat’s new children’s vitamin program. Parents or guardians of children ages 2 years to 6 years may sign up to participate in the initiative. Participants will be able to pick up a free bottle of children’s vitamins, once per month at Diplomat’s Beecher Road location.
In addition to signing up for the vitamin program, representatives from the Michigan State Police will be on hand to speak about children’s safety and make free EZ Child ID kits available. The EZ Child ID software will record a child’s fingerprints, photo and voice. The information will be provided to parents as a photo ID card and CD. In the event that a child goes missing, this ID information can be vital to assisting law enforcement personal in their recovery efforts.
Local dentist Robert Hale, of Davison, will be on hand with several colleagues to talk about good dental habits and hand out toothbrushes and floss.
The event will also provide an opportunity for attendees to drop off expired or unused medications. Leftover drugs in the home put children and other household members at risk of accidental poisonings. Flushing medications down the toilet can put these drugs into our waterways and environment. Diplomat will safely dispose of non-controlled prescription and over-the-counter medications dropped off at the event.
Nutrition 21 licenses ingredient chromium picolinate to Church & Dwight
PURCHASE, N.Y. — Nutrition 21 on Tuesday announced that it has entered into a multi-year license agreement with Church & Dwight for the use of chromium picolinate in Church & Dwight’s dietary supplement products.
"We believe that our patented chromium compositions and uses fit very well with Church & Dwight’s core mission of providing the marketplace with high-quality nutritional products with new and distinctive features," stated Michael Satow, Nutrition 21 president and CEO. "We believe this agreement reaffirms the strength of our strong clinical science and patent portfolio associated with chromium picolinate.”
Under the terms of the agreement, Church & Dwight may use chromium picolinate in its portfolio of vitamin and mineral nutritional supplement products. Church & Dwight manufactures and markets Vitafusion and L’il Critters nutritional supplements.