Operating and administrative expenses for the second quarter of 2012 increased to $224.0 million, from $216.9 in the same period last year. Operating and administrative expenses as a percentage of net sales increased to 22.5% in the second quarter of 2012, from 22.1% in the same period last year, due to increased occupancy costs related to new and replacement stores, incremental costs related to being a public company and reduced fixed cost leverage in the Company’s core business resulting from lower same store sales.For the second quarter of 2012, net income was $18.9 million, or $0.42 diluted earnings per common share, compared to $17.7 million, or $0.58 diluted earnings per common share, for the second quarter of 2011.
Roundy’s, Inc. Reports Second Quarter 2012 Financial Results
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