MILWAUKEE – Roundy’s
Inc. on Wednesday reported higher earnings for the fourth
quarter and the full year, the Milwaukee-based company said.
Roundy's said net income in its fourth quarter was $8.7
million, or 19 cents a share, compared to net loss of $98.4
million, or $2.19 per share a year ago.
However, same-store sales fell 2.4 percent during the
quarter. For the full year, Roundy’s net income was $34.5
million, or 76 cents per share, compared with a net loss
$69.2 million, or $1.61 loss per share a year ago.
“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 Robert A. Mariano, chairman, president
and chief executive officer of Roundy’s. “While we still
have important chal-lenges 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.”
In December, Roundy’s announced it would spend $36 million
to purchase 11 closed Dominick's grocery stores in
metropolitan Chicago and convert them to the Mariano's
Roundy's has more than 21,000 employees and operates 164
retail grocery stores and 113 pharmacies under the Pick 'n
Save, Rainbow, Copps, Metro Market and Mariano's retail
banners in Wisconsin, Min-nesota and Illinois.