Financials

Retailers

Natural Grocers Reports Record Sales in 2021

Chairman and Co-President Kemper Isely credits the company's commitment to ‘founding principles’ as a driver of success.

Retailers

SpartanNash: Labor Costs Offset Inflation's Sales Boost

Retail comp sales rose 3.1% for the retailer and wholesaler in the company's third fiscal quarter, but labor shortages and higher costs especially in the supply chain make for a net headwind, CEO Tony Sarsam says.

Third-quarter results "once again showed the resilience of our business model," company President and CEO Frans Muller said, as Ahold Delhaize posts U.S. comp sales growth of 2.9% and underlying operating margin of 4.4%.

A return to its farmers market heritage is key to success, CEO Jack Sinclair said in the company's third-quarter earnings report.

Higher product costs were largely responsible for sales growth in both the third fiscal quarter and the first nine months of 2021, the Florida-based grocer reported.

"Omnichannel household growth is a key initiative," says CEO Vivek Sankaran, noting the company's digital sales increased 5% for the second quarter of fiscal 2021, resulting in digital sales growth of 248% based on a two-year stacked period.

Basket Economics: Supervalu's former CEO returns to lead the discount division he once dreamed of doubling in size; and other recent financial news.

The company, which has lost ground in the discount wars to competitors with greater variety, and whose single-price-point approach is facing intense pressure from cost inflation, said 5,000 more “Plus!” stores are on the way.

While COVID and related supply-chain and labor woes are directly affecting the wholesaler, UNFI's positioning also highlights its role as a solution, lifting optimism for fiscal 2022.

Kroger wrestled with higher costs and called out concern over organized theft, but managed to limit expected sales declines behind continued favorable consumer trends and omnichannel versatility.

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