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Financial News

  • Weis reports positive operating results

    SUNBURY, Pa. — Weis Markets on Thursday reported a 7% increase in sales, to $18.6 million, for the 13 weeks ended March 26.

    Basic and diluted earnings per share increased 6.2% to 69 cents per share, Weis reported.

    Same-store sales were up 0.6%.

  • Coty donates funds to benefit Japan earthquake relief

    NEW YORK — Coty recently donated $100,000 to two humanitarian organizations involved in the earthquake relief efforts in Japan, the beauty company announced on Wednesday.

  • Despite store openings, Fresh & Easy reports $300 million loss

    EL SEGUNDO, Calif. — Supermarket retailer Fresh & Easy, which operates stores in California, Arizona and Nevada, experienced increased losses this year, according to parent company Tesco.

    The chain, which opened its doors in 2007 and has expanded its reach to include more than 165 stores to date, endured a loss of more than $300 million during the 2010-2011 financial year ended Feb. 26, its parent company reported on Tuesday.

  • Deloitte Consumer Spending Index drops sharply in March

    NEW YORK — A survey released Tuesday by Deloitte found that consumer purchasing power was negatively impacted during the month of March.

    The Deloitte Consumer Spending Index tumbled to 3.62% from nearly 4.1% in the prior month. Deloitte’s chief economist and author of the monthly index, Carl Steidtmann, said that despite the economic recovery, consumers don't have the motivation to spend.

  • Sagent to issue IPO

    SCHAUMBURG, Ill. — Sagent Pharmaceuticals has increased the number of shares it’s issuing in its initial public offering on the Nasdaq, the drug maker said Wednesday.

    Originally planning to offer 5 million shares, the company has increased that number to 5.75 million shares at $16 per share.

    The underwriters have a 30-day option to purchase up to an additional 862,500 shares at the IPO price. The offering is expected to close next Tuesday.

  • Chobani stakes claim as No. 1 yogurt brand

    NORWICH, N.Y. — Chobani has captured the U.S. yogurt market as the leading brand in the category, according to SymphonyIRI Group data.

    The Greek yogurt brand surpassed such competitors as Yoplait and Dannon, according to SymphonyIRI’s InfoScan Review, which examined the last 12 weeks of sales, ended March 20, across food, drug and mass (excluding Walmart).

    What's more, SymphonyIRI recently named Chobani as one of the most successful food and beverage consumer packaged goods brands of 2010.

  • Skinny Water achieves record sales, looks to expand distribution

    BALA CYNWYD, Pa. — The maker of Skinny Water achieved a 67% increase in earnings and sold nearly 1 million cases for 2010, compared with the year-ago period.

  • Tria completes equity, debt financing; two board members named

    DUBLIN, Calif. — Tria Beauty, which creates at-home light-based skin care products, has announced the completion of $27 million in equity and $10 million in debt financing to help support the continued growth of the company and global commercialization of its light-based skin care products.

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