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Roundy’s Q1 Comps Not ‘Super’

MILWAUKEE — Roundy’s Supermarkets on Thursday said same-store sales decreased during the fiscal first quarter, in part because the year-ago period included higher sales accompanying the Green Bay Packers’ trip to the Super Bowl.

In addition, the retailer cited a shift in the New Year’s holiday and continued weakness in consumer spending, for the 2.1% same-store sales decline for the period, which ended March 31.

Roundy’s Comp Sales Down, Seeks to Drive Traffic

Overall sales climbed 2.4% to $938.2 million. Net income of $2.3 million was down by 74.1% but when adjusted for one-time expenses associated with its public stock offering and an $8 million charge for debt extinguishment, earnings increased 20.4%.

 “Our first quarter results reflect the strength of our overall business strategy,” Robert Mariano, Roundy’s chairman, president and chief executive officer, said in a statement. “Despite continued weakness in consumer discretionary spending, which negatively impacted our same store sales, we were pleased with our total sales growth and solid performance in the Chicago market. In addition, our focus on maintaining an efficient operating structure led to strong cost controls during the quarter.”

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