Mr. Mariano continued, “I’m also pleased to report that our growth plan for Mariano’s in the Chicago market is on track. The stores continue to exceed our expectations for both sales and profitability. We plan to open five additional Mariano’s in the Chicago area in 2013, which will give us 13 stores in that market.”Mr. Mariano concluded, “We are encouraged by our sales trends to-date in 2013, but believe that our results in our core markets will continue to be impacted by a cautious consumer, as well as increased competitive unit growth and promotional activity. We remain intently focused on our strategy to deliver the best overall value and service to our customers and to use our cash flow to expand the Mariano’s banner, pay down debt and deliver an attractive dividend to our shareholders.”
Roundy’s, Inc. Reports Fourth Quarter And Full Year 2012 Financial Results
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