Reversal of Fortune

Food retailing stocks continued to reward investors in 2006 as operators saw the benefits of the strategic initiatives they rolled out during the past several years. Successful efforts to differentiate, combined with other factors that helped them drive more sales growth and transition that sales growth to the bottom line, propelled more than half of the supermarket stocks tracked by SN to doubled-digit

Food retailing stocks continued to reward investors in 2006 as operators saw the benefits of the strategic initiatives they rolled out during the past several years.

Successful efforts to differentiate, combined with other factors that helped them drive more sales growth and transition that sales growth to the bottom line, propelled more than half of the supermarket stocks tracked by SN to doubled-digit gains in 2006.

Some companies were rewarded not just on their performance,

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