- Fresh Brands posted first quarter sales that were up 1.9 percent to $187.7 million compared to the same period a year ago, and same-store sales that were up 0.15 percent. Net income was up 0.7 percent to $1.93 million.
At the company's annual meeting earlier this week, Fresh Brands CEO Elwood Winn said that the company hopes to grow its revenues by 10 percent this year through the acquisition of a compatible retailer that measures up to the company's "strict criteria" and comes at a reasonable price.
- Safeway Plc said that annual sales and same-store sales for last year were up just one percent, owing largely to the continuing and highly public takeover battle being fought to see which UK retailer will get to acquire the company.
- Fast-food chain Jack in the Box Inc. reported that quarterly net income fell to $16.3 million, down from $18.2 million in the year-ago period. Total revenue in the quarter was $463 million, up 3.3% from $448 million a year ago.