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February 07, 2016 12:00 AM ET

Food and Staples Retailing

Company Overview of Tops Holding II Corporation

Company Overview

Tops Holding II Corporation, through its subsidiary, Tops Holding LLC, operates supermarkets in New York and Pennsylvania. Its supermarkets offer grocery, produce, frozen, dairy, meat, floral, seafood, health and beauty care, general merchandise, deli, prepared foods, and bakery goods; in-store butchers, home meal replacement items, delicatessens, bakeries, organic products, floral departments, greeting cards, and various health and beauty care items; and services, such as pharmacies, fuel stations, in-store banking, and Tim Hortons self-service coffee and donut kiosks. As of March 26, 2015, the company operated 158 corporate supermarkets under the names of Tops and Orchard Fresh, as well as...

6363 Main Street

Williamsville, NY 14221

United States

Founded in 2007

14,450 Employees

Phone:

716-635-5000

Key Executives for Tops Holding II Corporation

Chairman of The Board, Chief Executive Officer and Chief Executive Officer of Tops Gift Card Company LLC
Age: 63
President, Chief Operating Officer and Director
Age: 48
Chief Financial Officer and Senior Vice President
Age: 38
Executive Vice President of Supply Chain & Information Technology and Director
Age: 47
Senior Vice President of Distribution and Logistics
Compensation as of Fiscal Year 2015.

Tops Holding II Corporation Key Developments

Tops Holding II Corporation Announces Unaudited Consolidated Earnings Results for the Twelve Weeks and Forty Weeks Ended October 3, 2015; Provides Capital Expenditure Guidance for the Full Year 2015

Tops Holding II Corporation announced unaudited consolidated earnings results for the twelve weeks and forty weeks ended October 3, 2015. For the twelve weeks, the company reported net sales were $560.744 million compared to $580.741 million for the same period last year. Operating income was $13.857 million compared to $16.397 million for the same period last year. Loss before income taxes was $4.762 million compared to loss before income taxes of $2.228 million for the same period last year. Net loss was $5.162 million compared to $1.433 million for the same period last year. EBITDA was $31.542 million compared to $32.820 million for the same period last year. Adjusted EBITDA was $32.326 million compared to $34.899 million for the same period last year. The company generated $10.4 million of cash from operations in the third quarter. Net sales in the quarter were down 3.4%, as lower gas prices put a significant dent in fuel sales and given the 27 in-store pharmacies that were closed in January. Adjusted EBITDA was decreased from last year, largely due to $2.9 million of higher bonus expense, which had no cash impact during the quarter. For the forty weeks, the company reported net sales were $1,869.505 million compared to $1,933.480 million for the same period last year. Operating income was $52.414 million compared to $48.536 million for the same period last year. Loss before income taxes was $45.493 million compared to $14.487 million for the same period last year. Net loss was $46.835 million compared to $10.026 million for the same period last year. Net cash provided by operating activities was $53.924 million compared to $35.666 million for the same period last year. Cash paid for property and equipment was $30.692 million compared to $30.422 million for the same period last year, were largely related to new store openings, store remodels and fuel expansion. EBITDA was $75.090 million compared to $101.858 million for the same period last year. Adjusted EBITDA was $102.339 million compared to $106.646 million for the same period last year. Capital expenditures for the 2015 year-to-date period were $30.7 million compared with $30.4 million during the 2014 period and were largely related to new store openings, store remodels and maintenance activities. The increase in cash from operations reflects the absence of $15.2 million of transaction cost paid in 2014 in connection with the December 2013 management buyout as well as higher cash earnings. The company anticipates investing between $34 million and $38 million in capital expenditures during 2015.

Tops Holding II Corporation to Report Q3, 2016 Results on Nov 09, 2015

Tops Holding II Corporation announced that they will report Q3, 2016 results After-Market on Nov 09, 2015

Tops Holding II Corporation, Q3 2015 Earnings Call, Nov 10, 2015

Tops Holding II Corporation, Q3 2015 Earnings Call, Nov 10, 2015

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