Roundy's stays positive in fourth quarter
Roundy's chairman, president and CEO Robert A. Mariano was optimistic following fourth quarter and full year results for the period ended Dec. 28, 2013.
The grocer saw a net sales increase of 2% to a little more than $1 billion, with net income at $8.7 million, or $0.19 diluted net earnings per common share. For the full year 2013, the company saw net sales increase by 1.5% to $4 billion. Net income was $34.5 million, or $0.76 diluted net earnings per common share.
“We continued to experience an improvement in our sales cadence across our core markets which helped us begin to generate a slight increase in a number of key metrics versus the prior year,” said Mariano. “While we still have important challenges to overcome in our core markets, we believe the investments we made in 2013 and continue to make in 2014 are beginning to resonate with our customers.”