retail news in context, analysis with attitude

• Publix Super Markets said that its second quarter sales were $6 billion, a 2.7 percent increase from last year’s $5.9 billion, on same-store sales that were down 2.6 percent. Net earnings for the second quarter of 2009 were $300.8 million, compared to $295.8 million in 2008, an increase of 1.7 percent.

• Ingles Markets said that its third quarter net sales totaled $826.8 million, compared with $835.3 million for the same period a year ago, with same store sales (excluding gasoline and Easter) up 1.9 percent. Q3 net income totaled $4.7 million, compared with $16.0 million a year ago – a drop that the company ascribed to increased costs related to store development, general economic conditions and refinancing costs.

• Tyson Foods reports that its third quarter net income was $134 million, up from $9 million during the same period a year earlier. Revenue fell 2.7 percent to $6.66 billion.

ª Molson Coors Brewing said that its second quarter net income was $187.3 million, up from $79.4 million during the same period a year earlier. Revenue fell 55 percent, to $798.9 million.
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