Save-A-Lot Food Stores, Ltd. operates a chain of discount grocery retail stores in the United States. It stores offer brand and private label groceries, such as baby needs, beverages, breads and baking products, canned goods, cereals and breakfast products, condiments, dairy and eggs, frozen foods, garden fresh produce products, household items, miscellaneous products, personal care products, pet care and feeding products, meats, products with coupons, meals, farm-fresh fruits, vegetables, snacks, and spices and seasonings, as well as rice, pasta, and beans. The company was founded in 1977 and is based in Earth City, Missouri. Save-A-Lot Food Stores, Ltd. operates as a subsidiary of SUPERVAL...
100 Corporate Office Drive
Earth City, MO 63045
Founded in 1977
Save-A-Lot Food Stores, Ltd. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 12, 2015
Oct 21 15
Save-A-Lot Food Stores, Ltd. reported unaudited earnings results for the second quarter and six months ended September 12, 2015. For the quarter, the company reported net sales of $1,091 million compared to $1,057 million a year ago. The sales increase reflects the impact of new store openings. Identical store sales within the Save-A-Lot network were negative 1.6%. Operating earnings were $32 million compared to $26 million a year ago. The increase in operating earnings as a percent of sales was primarily driven by higher base margins and lower logistics costs. Adjusted EBITDA was $49 million compared to $41 million a year ago.
For the six months, the company reported net sales of $2,499 million compared to $2,413 million a year ago. Operating earnings were $83 million compared to $72 million a year ago. Adjusted EBITDA was $121 million compared to $107 million a year ago.