roundy's inc (RNDY) Key Developments
Roundy's, Inc. to Open New Mariano’s Location in Glenview, Ill
Jun 29 15
Roundy’s, Inc. will open its newest Mariano’s location in Glenview, Ill. The 32nd location for the banner will bring approximately 500 new jobs to the area. Located at 2323 Capital Drive, the new store covers more than 90,000 square feet, providing shoppers with their beloved signature Mariano’s experiences including Oki Sushi, Todds BBQ and SQUEEZ’D. Additionally, the store will debut the banner’s first Vero coffee with on-site roasted coffee beans available for purchase. The company's Glenview West will also debut Mariano’s Signature Curation Center, which is designed to showcase artisanal products from around the globe. Each item is hand selected to educate shoppers and share the unique story of each purveyor, all who share Mariano’s passion for unforgettable food. The Curation Center’s products include specialty olive oil, granola, whiskey and more. The Center also features a demo station that allows purveyors to engage with shoppers, prepare special recipes, seminars and tastings. The store will also have a specialty cheese and charcuterie shop and VEG’D – a freshly-prepared food station dedicated to fresh vegetarian and vegan items – as well as many other shopping features to experience.
Roundy's, Inc.(NYSE:RNDY) dropped from Russell 2000 Index
Jun 29 15
Roundy's, Inc. will be removed from Russell 2000 Index
Roundy's, Inc.(NYSE:RNDY) dropped from Russell 3000 Index
Jun 29 15
Roundy's, Inc. will be removed from Russell 3000 Index.
Roundy's, Inc. Appoints Kurt R. Kappeler as Senior Vice President, Chief Accounting Officer
May 26 15
Effective May 24, 2015, Kurt R. Kappeler, age 37, was appointed Senior Vice President, Chief Accounting Officer of Roundy's, Inc. Mr. Kappeler has served as Roundy's Vice President, Controller since 2013. Mr. Kappeler joined Roundy's in 2006 as Manager of Financial Reporting, was promoted to Manager of Accounting in 2009 and to Director of Accounting in 2010. Prior to joining Roundy's, Mr. Kappeler worked at Actuant Corporation as a Senior Internal Auditor, and at PricewaterhouseCoopers LLP, as a Senior Associate.
Roundy's Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 4, 2015; Provides Earnings Guidance for the Second Quarter and Full Year 2015
May 13 15
Roundy's Inc. reported unaudited consolidated earnings results for the first quarter ended April 4, 2015. For the quarter, the company reported net sales of $981,932,000 against $862,690,000 a year ago. Same-store sales from continuing operations declined 1.6%, which was due to a 1.9% decrease in the number of customer transactions, partially offset by a 0.3% increase in average transaction size. Loss from continuing operations before income taxes was $1,093,000 against $1,093,000 a year ago. Net loss from continuing operations was $387,000 or $0.01 per basic and diluted share against $5,495,000 or $0.12 per basic and diluted share a year ago. Net loss was $2,331,000 or $0.01 per basic and diluted share against $4,517,000 or $0.12 per basic and diluted share a year ago. Adjusted net loss from continuing operations was $387,000 or $0.01 per basic and diluted share against $767,000 or $0.02 per basic and diluted share a year ago. Adjusted EBITDA was $30,131,000 against $34,100,000 a year ago. Net cash flows used in operations activities were $5,392,000 against $13,650,000 a year ago. The decrease in cash used by operating activities was due primarily to a decrease in accounts receivable and prepaid expenses and lower payments for interest and taxes. Capital expenditures were $15,333,000 against $16,443,000 a year ago.
For the second quarter of 2015, the company expects net sales to be in the range of $985 million to $995 million with same-store sales in the range of negative 4% to negative 5%. Adjusted for the timing effect of the Easter holiday, same-store sales are expected to be negative 2.5% to negative 3.5%. Adjusted EBITDA expected to be in the range of $27.5 million to $32.5 million. Income tax rate expected to be 40.0%. Capital expenditures expected to be in the range of $20 million to $25 million. Adjusted net loss per diluted share from continuing operations expected to be in the range of $0.00 to $0.05. Total interest expense is expected to be in the range of $13.8 million to $14.3 million.
For the fiscal year 2015, the company expects net sales to be in the range of $3.95 billion to $4.02 billion with same-store sales in the range of negative 1.75% to negative 3.75%. Adjusted EBITDA expected to be in the range of $115 million to $125 million. Income tax rate expected to be 40.0%. Capital expenditures expected to be in the range of $68 million to $73 million. Adjusted net loss per diluted share from continuing operations expected to be in the range of $0.06 to $0.17. Total interest expense is expected to be in the range of $55 million to $56 million for 2015.