Financials

Retailers

Costco Posts Biggest Year Ever, Sells 101M Rotisserie Chickens

While opening fewer locations than expected, Costco experienced a record year for sales and earnings in 2020, says CEO W. Craig Jelinek.

Retailers

Southeastern Grocers Sets IPO Price

The $14 to $16 per-share range would raise $163.7 million for selling stockholders; preliminary Q4 results show robust momentum.

The wholesaler defends an $8.5 million package for outgoing CEO Steve Spinner, saying it prioritized continuity in a challenging year.

The retailer said gross margins climbed to 29.3% of sales, driven by shrink and leverage, while raising full-year guidance.

Despite explosive sales growth, investors may wait for more information on 2021 trajectory before biting on public stock offering, source says.

The retailer attributes growth to a combination of factors, including its focus on in-store experience and digital prowess.

Citing widened pricing gaps and coming comps pressures, a new report from Barclays contends COVID gains could be “slippery” for conventional supermarkets and their wholesalers.

The online grocery platform taps Nick Giovanni as CFO, citing the Goldman Sachs veteran's experience helping private companies become global leaders.

A slowdown in promotions and competition that accompanied COVID-19 helped to improve the profit picture.

Supermarkets were thrust into the spotlight amid a deadly national sickness.

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