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Financials

Retailers

Publix sees net earnings soar over 100% in Q3

 By Diane Adam on Nov. 01, 2023

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.

Retailers

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

 By Russell Redman on Nov. 01, 2023

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

Specialty/Gourmet

Sprouts Farmers Market is working on a loyalty program

By Heather Lalley on Oct. 31, 2023

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.

Retailers

Chedraui USA’s Q3 sales impacted by changing FX rates

By Russell Redman on Oct. 26, 2023

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

Amazon

Amazon sees double-digit growth in Q3

By Timothy Inklebarger on Oct. 26, 2023

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.

Retailers

Rite Aid identifies initial 154 stores for closure under bankruptcy plan

By Russell Redman on Oct. 18, 2023

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

Albertsons

Albertsons keeps sales on the upside in Q2

By Russell Redman on Oct. 17, 2023

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

Retailers

Rite Aid declares bankruptcy

By Heather Lalley on Oct. 16, 2023

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.

Retailers

Wakefern, AWG make list of top-grossing co-op grocers

By Diane Adam on Oct. 16, 2023

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.

Retailers

Walgreens Boots Alliance eyes another $1B in cost cuts for fiscal 2024

By Russell Redman on Oct. 13, 2023

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

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