Roundy’s narrows loss in Q2

Milwaukee-based Roundy’s Inc. has reported a second quarter net loss of $1.5 million, or 3 cents per share, compared with a net loss of $27.7 million, or 10 cents per share, in the second quarter of 2014.

The grocery company, which operates Pick ’n Save and Metro Market stores in the Milwaukee market, Copps stores in Wisconsin, and Mariano’s stores in the Chicago market, reported a second quarter operating loss of $1.4 million, compared with an operating loss of $5 million in the same period a year ago.

Revenue totaled $998.3 million in the quarter, up from $942.9 million in the second quarter of 2014. The company attributed the increase to the impact of new stores, partially offset by a decrease in same-store sales.

In the prior year quarter, Roundy’s recorded a $5.1 million asset impairment charge, while there was no similar charge in its latest quarter.

In its 10-Q report file with the SEC, Roundy’s said of the results:

“Going forward, we plan to continue to maintain our market leadership and focus on growing same-store sales, opening new stores and increasing our cash flow. We intend to pursue same-store sales growth by continuing to focus on price competitiveness, improving our marketing efforts, selectively remodeling and relocating existing stores and enhancing and expanding our own brand, perishable and prepared food offerings, as well as improving the customer shopping experience through excellent customer service and better in-stock positions. In addition, we intend to continue our expansion into the Chicago market. During the second quarter of 2015, we opened two additional Mariano’s store in the Chicago market. As of July 4, 2015, we had 32 stores open in the Chicago market.”

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Molly Dill
Molly Dill, former BizTimes Milwaukee managing editor.