Roundy’s, Inc. Reports Fourth Quarter And Full Year 2013 Financial Results

Roundy’s, Inc. (“Roundy’s”) (NYSE: RNDY), a leading grocer in the Midwest, today reported financial results for the fourth quarter and full year ended December 28, 2013.

Q4 2013 1
  • Net sales increased 2.0% to $1,001.9 million
  • Net income was $8.7 million, or $0.19 diluted net earnings per common share, compared to net loss of $98.4 million, or $2.19 loss per diluted common share
  • Adjusted net income 2 was $11.4 million, or $0.25 adjusted diluted net earnings per common share 2, compared to $8.6 million, or $0.19 adjusted diluted net earnings per common share 2
  • Adjusted EBITDA 2 was $42.8 million compared to $46.6 million

Full Year 2013 1
  • Net sales increased 1.5% to $3,949.9 million
  • Net income was $34.5 million, or $0.76 diluted net earnings per common share, compared to net loss $69.2 million, or $1.61 loss per diluted common share
  • Adjusted net income 2 was $36.7 million, or $0.81 adjusted diluted net earnings per common share 2, compared to $47.0 million, or $1.08 adjusted diluted net earnings per common share 2
  • Adjusted EBITDA 2 was $172.2 million compared to $198.7 million

“We continued to experience an improvement in our sales cadence across our core markets which helped us begin to generate a slight increase in a number of key metrics versus the prior year,” said Robert A. Mariano, chairman, president and chief executive officer of Roundy’s. “While we still have important challenges to overcome in our core markets, we believe the investments we made in 2013 and continue to make in 2014 are beginning to resonate with our customers.”

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