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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.

Wholesalers & Distributors

Controversial Pay Package Survives Shareholder Vote at UNFI

By Jon Springer on Jan. 13, 2021

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

Retailers

Albertsons Beats Estimates on 12.3% Q3 Comps

By Jon Springer on Jan. 12, 2021

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

Retailers

Southeastern Plans $50M Dividend for IPO Sellers

By Jon Springer on Jan. 12, 2021

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

Retailers

Albertsons ‘Strategy Is Working,’ CEO Vivek Sankaran Says

By Jennifer Strailey on Jan. 12, 2021

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

Retailers

Analyst Sees Little Upside for Conventional Supermarkets in 2021

By Jon Springer on Jan. 08, 2021

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.

Retailers

Will Instacart’s New CFO Nick Giovanni Pave the Way to an IPO?

By Jennifer Strailey on Jan. 07, 2021

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

Retailers

Chart: The Year in Gross Margins

By Jon Springer on Dec. 23, 2020

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

Retailers

10 Stories That Mattered in 2020

By Jon Springer on Dec. 18, 2020

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

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