Profits Down in '09, but 2010 Outlook Improves: FMI

ARLINGTON, Va. Food retailers suffered a decline in profitability and same-store sales in 2009, although they were more optimistic about 2010 results, according to the annual Speaks industry survey research released last week by Food Marketing Institute here. Median net income for food retailers in the survey totaled just 1.22% of sales in 2009, vs. 1.43% in 2008, FMI said in the report, as same-store

ARLINGTON, Va. — Food retailers suffered a decline in profitability and same-store sales in 2009, although they were more optimistic about 2010 results, according to the annual Speaks industry survey research released last week by Food Marketing Institute here.

Median net income for food retailers in the survey totaled just 1.22% of sales in 2009, vs. 1.43% in 2008, FMI said in the report, as same-store sales were down 0.82%. Total sales were up only 0.12%.

Weekly sales

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