Roundy’s posts solid results for Q2

MILWAUKEE — Midwestern grocer Roundy’s this week announced the results for its second quarter, which ended July 4. The company is hitting its earnings goals, with its year-to-date earnings and sales up from the same period last year. 

 

Roundy’s net sales for Q2 were $998.3 million, about 5.9% more than the same period last year. The company’s net loss from continuing operations was at $1.4 million, which is down considerably from the same period last year, when they saw a $5 million net loss. Adjusted, the net loss was $1.1 milliion, which is slightly lower than the same period’s $1.2 million adjusted loss in Q2 2014. The company’s EBITDA was $30.1 million — up from last year’s $28.2 million in Q2.

 

“During the second quarter of 2015, we exceeded our net sales and same-store sales targets and we achieved our EBITDA target for the quarter,” Robert A. Mariano, chairman, president and chief executive officer of Roundy’s, said. “We remain committed to achieving sustainable top-line growth by strengthening our brands in Wisconsin and expanding our growth banner, Mariano’s, in Illinois. Our Mariano’s banner celebrated its five-year anniversary with the opening of our 32nd Mariano’s store in June.”

 

For the year-to-date, Roundy’s net sales are up almost 10% to $1.98 billion, and its EDITDA so far is $60.3 million, up from last year’s $56.7 million for the same span of time.