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Feb 21, 2013

Safeway shares jump as discount program boosts sales

By Lisa Baertlein

(Reuters) – Safeway Inc (SWY.N: Quote, Profile, Research, Stock Buzz) said Thursday a new personalized discount program boosted sales in the first quarter of 2013 compared with the fourth quarter, sending shares up nearly 14 percent on the New York Stock Exchange.

The second-largest U.S. supermarket chain, which operates the Safeway, Vons and Dominick’s supermarkets, also reported stronger-than-expected fourth-quarter profit and said it saw no impact from a recent U.S. payroll-tax hike, which had eaten into the take-home pay of many shoppers.

Feb 21, 2013

Safeway 4th-qtr profit rises, shares jump

Feb 21 (Reuters) – Safeway Inc, the second largest
U.S. supermarket chain, reported higher-than-expected profit on
Thursday, helped by new shopper loyalty programs, sending its
stock up nearly 6 percent.

Investors had been looking for signs of progress from
Safeway, which started grocery and gasoline loyalty programs to
attract customers and boost sales amid tough competition from
traditional grocers such as Kroger Co and discount
retailers ranging from Wal-Mart Stores Inc to dollar
stores.

Feb 18, 2013

“Zero Dark Thirty” and “Argo” win top Writers Guild Awards

LOS ANGELES (Reuters) – U.S. film and television writers gave their top two movie awards on Sunday to “Zero Dark Thirty” and “Argo” in the final Hollywood guild awards show before next week’s Oscars.

Writer Mark Boal won the Writers Guild of America award for Best Original Screenplay for “Zero Dark Thirty,” which chronicles the intense U.S. manhunt and daring raid that killed al Qaeda leader Osama bin Laden.

Feb 15, 2013

Burger King profit boosted by cost cuts, new food

Feb 15 (Reuters) – Burger King Worldwide Inc, the
third-largest U.S. hamburger chain, on Friday posted
higher-than-expected quarterly profit, helped by cost cuts and
new holiday sweets, premium sandwiches and special deals that
boosted restaurant sales in the United States and Canada.

Total fourth-quarter operating costs and expenses plunged
more than 40 percent to $292.6 million as the fast-food company
spent less on everything from food and packaging to payroll and
rents.

Feb 13, 2013

Whole Foods store sales soften, shares fall

Feb 13 (Reuters) – Whole Foods Market Inc, the
largest U.S. natural and organic grocery chain, said on
Wednesday that sales at established stores so far this quarter
softened from the prior period and its shares fell 5.3 percent
after the close.

Whole Foods is the best-performing publicly held U.S. grocer
and its shares often dive when its results and forecasts do not
exceed expectations.

Feb 13, 2013

US health advocates seek safe sugar limits for drinks

Feb 13 (Reuters) – Anti-obesity advocates who want to curb
Americans’ sugar habit on Wednesday asked the government to set
a safe level for added sugars in soda and other beverages.

The Center for Science in the Public Interest (CSPI), which
is leading the regulatory push, has urged the government to take
actions to reduce Americans’ sugar consumption since the 1970s.

Feb 13, 2013

U.S. health advocates ask government for safe sugar limits in drinks

By Lisa Baertlein

(Reuters) – Anti-obesity advocates who want to curb Americans’ sugar habit on Wednesday asked the government to set a safe level for added sugars in soda and other beverages.

The Center for Science in the Public Interest (CSPI), which is leading the regulatory push, has been urging the government take actions to reduce sugar consumption by Americans since the late 1970s.

Feb 13, 2013

US health advocates ask gov’t for safe sugar limits in drinks

Feb 13 (Reuters) – Anti-obesity advocates who want to curb
Americans’ sugar habit on Wednesday asked the government to set
a safe level for added sugars in soda and other beverages.

The Center for Science in the Public Interest (CSPI), which
is leading the regulatory push, has been urging the government
take actions to reduce sugar consumption by Americans since the
late 1970s.

Feb 13, 2013

Frugal US diners, higher costs could squeeze restaurants in 2013

Feb 13 (Reuters) – Penny-pinching U.S. diners plan to eat
out more this year and spend less on each meal, according to a
new forecast released by consulting firm AlixPartners on
Wednesday.

Those intentions threaten to squeeze restaurant operators,
who are grappling with rising costs for beef and other popular
ingredients as they increase spending on advertising and special
deals to stay ahead of rivals in a brutally competitive
industry.

Feb 5, 2013

Chipotle 4th quarter profit up, despite higher food costs

Feb 5 (Reuters) – Chipotle Mexican Grill Inc
reported higher quarterly profit on Tuesday, despite higher
costs for beef and other ingredients that took a bite out of
margins.

The results from the popular burrito chain come as U.S.
restaurant companies virtually across the board are bracing for
higher food prices due to last summer’s historic U.S. drought.

    • About Lisa

      "Lisa writes about restaurants and grocery stores. She is based in Los Angeles and previously has covered computer software, Internet companies, video games, prescription drugs and municipal bonds."
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