Milwaukee-based Roundy’s Inc. reported fourth quarter net income of $8.7 million, or 19 cents per share, compared to a net loss of $98.4 million, or $2.19 per share, in the fourth quarter of 2012.
Net sales were $1 billion, up from $981 million in the same period a year ago.
The grocer attributed the growth to new stores, though same-store sales have been impacted by competitive store openings and a weak economic environment.
For the full year, net income was $34.5 million, compared to a net loss of $69.2 million in 2012.
Full-year net sales were $3.9 billion, up from $3.8 billion in 2012.
“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 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.
“Our growth banner, Mariano’s, experienced another strong performance in the fourth quarter with all key metrics generating an improvement compared to the prior year. We opened two stores in the fourth quarter of 2013 and our Lake Zurich, IL store earlier this month bringing our organic store count to 14. We continue on schedule with the remodeling of the acquired Dominick’s stores and we have already opened two of the acquired stores, Mariano’s Park Ridge, on February 18, 2014 and Mariano’s Northfield on February 25, 2014. By the end of the year, we expect to have a total of 29 Mariano’s stores in the Chicagoland area.”
