Publix sees net earnings soar over 100% in Q3

The employee-owned Florida grocer's net earnings took a big jump during the quarter to $833 million—up 111.4% versus a year ago.


Grocery, fresh food spur Costco’s October comparable-sales growth

Essential product categories again outperform discretionary merchandise as consumers remain cautious.

The specialty grocer on Tuesday reported comparable-store sales growth of 3.9% during its third quarter, with net sales totaling $1.7 billion. It also promoted Curtis Valentine to CFO.

Same-store sales rise in dollars for parent of Smart & Final, El Super and Fiesta Mart.

While there was barely a mention of its grocery business in its earnings report, the retailer reported 6% year-over-year sales growth at its physical locations during the period.

Nearly 100 Rite Aid and Bartell Drugs locations to be marketed for sale by real estate firm A&G Realty Partners.

CEO Vivek Sankaran cites “increasing macro-economic headwinds” as grocer starts its fiscal 2023 second half.

The pharmacy chain, which also named turnaround expert Jeffrey Stein as its new CEO, said it had secured $3.45 billion in new financing to keep it operating during the Chapter 11 process.

Associated Wholesale Grocers, Inc., with revenue of $12.3 billion, earned fifth place on National Cooperative Bank's ranking, while Wakefern, with $12.2 billion in revenue, notched sixth place.

New CEO introduced to analysts as pharmacy giant posts year-end net losses.

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