Gross profit for the fourth quarter of 2012 increased 2.1% to $259.5 million, from $254.1 million in the same period last year. Gross profit as a percentage of net sales was 26.4% for the fourth quarter of 2012, compared to 26.2% in the same period last year. The increase in gross profit as a percentage of net sales primarily reflects reduced LIFO expense and an increased perishable sales mix, partially offset by greater price and promotional investments in certain markets and increased shrink.Operating and administrative expenses for the fourth quarter of 2012 increased to $232.3 million, from $223.1 in the same period last year. Operating and administrative expenses as a percentage of net sales increased to 23.7% in the fourth quarter of 2012, from 23.0% in the same period last year, due to increased occupancy costs related to new and replacement stores, a non-recurring pension withdrawal charge of $1.0 million, incremental costs related to being a public company and reduced labor and fixed cost leverage in the Company’s core business resulting from lower same-store sales.
Roundy’s, Inc. Reports Fourth Quarter And Full Year 2012 Financial Results
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