MILWAUKEE, WI - Shares for Roundy’s Inc. have jumped over 4 percent in after-hours trading following its better-than-expected Q2 2015 financial report.
"During the second quarter of 2015, we exceeded our net sales and same-store sales targets and we achieved our EBITDA target for the quarter," said Bob Mariano, Chairman, President and CEO of Roundy's. "We remain committed to achieving sustainable top-line growth by strengthening our brands in Wisconsin and expanding our growth banner, Mariano's, in Illinois. Our Mariano's banner celebrated its five-year anniversary with the opening of our 32nd Mariano's store in June.”
Net sales from continuing operations for the second quarter of 2015 were $998.3 million, an increase of $55.4 million, or 5.9%, from $942.9 million for the second quarter of 2014. According to Benzinga Financial News, however, analysts were expecting a loss of $0.04 per share on revenue of $984.4 million.
Other highlights from Roundy’s report include:
- Net loss from continuing operations was $1.4 million, or $0.03 diluted net loss per common share, compared to net loss from continuing operations of $5.0 million, or $0.10 diluted net loss per common share
- Adjusted net loss from continuing operations2 was $1.1 million, or $0.02 adjusted diluted net loss per common share, compared to adjusted net loss from continuing operations of $1.2 million, or $0.03 adjusted diluted net loss per common share
- Adjusted EBITDA from continuing operations was $30.1 million compared to $28.2 million
As of 4:10 PM PST, Roundy’s shares climbed over 4.5 percent to $2.94 in the after-hours trading session.
