Subscribe to the Winsight Grocery Business newsletter
Search Winsight Grocery Business
Investments in service and stores are paying off, but profits slowed in its first quarter, the retailer said.
The activist investor has decried the "half-measures" made by the distributor.
Price investments and expense leveraging drove gains, despite the effects of a chilly spring.
The warehouse club touted its improved financials in the filing.
The "milestone" achievement will allow for a quick turnaround as debts are halved, CEO Anthony Hucker said.
Exclusive industry info and insights straight to your inbox
Your go-to resource for all things grocery
Stay up-to-date on the latest news and hottest topics
Take a peek at the latest issue of the magazine
Get inspired by the top trendsetters in the biz
Explore the frontlines of retail’s newest frontier