Roundy’s Earnings: Here’s Why Shares are Up Now
Roundy’s Inc (NYSE:RNDY) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.81%.
Roundy’s Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 32.14% to $0.19 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 4.82% to $983.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.19 per share. By that measure, the company missed the mean analyst estimate of $0.21. It beat the average revenue estimate of $973.38 million.
Quoting Management: “We are pleased with our ability to continue to realize improvements in both sales and volume through our focus on customer-centric initiatives, despite experiencing additional competitive openings and increased promotional activity in our core markets,” said Robert Mariano, chairman, president and chief executive officer of Roundy’s. “In the first quarter, we further integrated new service, product and merchandising concepts into our group of 14 test stores in the Milwaukee area. Our early improvements in key operating and financial metrics across these stores give us increased confidence to begin a roll-out to additional Milwaukee area stores over the remainder of this year.”
Key Stats (on next page)…