September 27, 2016 1:00 PM ET

Food and Staples Retailing

Company Overview of Tops Markets, LLC

Company Overview

Tops Markets, LLC operates and franchises corporate supermarkets in Western and Northeastern New York, Northern Pennsylvania, Western Vermont, and Massachusetts. Its stores include fresh and grocery departments, gas stations, and pharmacies. The company was founded in 1962 and is headquartered in Williamsville, New York. Tops Markets, LLC operates as a subsidiary of Tops Holding, LLC.

6363 Main Street

Williamsville, NY 14221-5855

United States

Founded in 1962





Key Executives for Tops Markets, LLC

Chairman, Chief Executive Officer and Owner
Age: 64
President, Chief Operating Officer and Director
Age: 49
Chief Financial Officer
Age: 39
Senior Vice President, General Counsel and Secretary
Age: 66
Senior Vice President of Human Resources
Age: 69
Compensation as of Fiscal Year 2016.

Tops Markets, LLC Key Developments

Tops Friendly Markets Opens New Stores in New York and Massachusetts

Tops Friendly Markets has announced the opening of five of its new stores in New York and one in Massachusetts. Four of these stores were previously Stop & Shop stores and two, Hannaford stores. Some of the products and services customers will find are BonusPlus card savings, GasPoints rewards, Pharmacies, in-store butchers, locally grown produce from up to 200 local growers, and thousands of certified organic products. Over the next few months, the company will be remodeling these stores and continuing to enhance offerings. These stores will open at: Timpany Boulevard Gardner, MA; 6726 Rt. 9 Rhinebeck, NY; 271 Main Street New Paltz, NY; 1357 Rt. 9 Wappingers Falls, NY; 16 Jon J Wagner Way LaGrangeville, NY; and 1936 US Route 6 Carmel, NY.

Tops Friendly Markets Opens Six Stores

Tops Friendly Markets is opening six stores that it recently acquired from Stop & Shop and Hannaford Supermarkets. The locations will open in Rhinebeck, New Paltz, Wappingers Falls, LaGrangeville and Carmel, N.Y., and Gardner, Mass. Prescriptions at the stores will be automatically transferred over to the Tops Pharmacy. Former Stop & Shop customers' loyalty cards will automatically be linked to the Tops BonusPlus card and former Hannaford customers will be issued a Tops BonusPlus card that they will see in the mail this week.

Tops Markets Reports Earnings Results for the Second Quarter of 2016

Tops Markets reported earnings results for the second quarter of 2016. For the period, the company's net sales were up 0.6% to $590 million, reflecting a 16.3% decrease in gasoline dollar sales triggered by lower per-gallon prices. Sales increase was due largely to the addition of seven new and acquired supermarkets opened since May 2015, contributing $12.8 million of incremental sales. Same store sales declined 1.1% largely due to food cost deflation in certain categories, including meat and dairy, combined with competitive pressure to respond with lower prices. A $2.9 million loss in the quarter was down from a $37.5 million loss in the second quarter of last year, due to higher inside sales and gross margin, combined with $34.5 million of debt extinguishment costs during the prior year quarter related to a debt refinancing. Sales and strong cost control drove a 6% increase in adjusted EBITDA.

Similar Private Companies By Industry

Company Name Region
1-800-WINESHOP.COM, Inc. United States
130-10 Food Corp. United States
20/20 Global, Inc. United States
2328 On Twelfth, LLC United States
3 Sisters Chocolate and Mad Cow Memories, LLC United States

Recent Private Companies Transactions

July 29, 2016
Hannibal Village Market, Inc.
July 13, 2016
The Stop & Shop Supermarket Company LLC, 4 Supermarkets in Gardner and Hudson Valley
July 13, 2016
Hannaford Bros. Co. Inc., Two Supermarkets

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Tops Markets, LLC, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at