Weis Markets Announces Fourth Quarter Results
Weis Markets, Inc. has announced its fourth quarter sales increased 2.8 percent to $734.1 million while its comparable store sales increased 2.8 percent compared to the same period a year ago.
For the thirteen week period ended December 26, 2015, the company’s net income increased 21.0 percent to $16.6 million compared to the same period in 2014. Fourth quarter earnings per share increased 19.6 percent to $0.61 per share compared to fourth quarter 2014. During the same period, the company’s operating income increased 24.5 percent to $25.8 million.
Year-to-Date Results
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For the 52-week period ended December 26, 2015, the company’s sales increased 3.6 percent to $2.9 billion while comparable store sales increased 3.7 percent compared to the 52-week period ended December 27, 2014. Year-to-date net income increased 9.1 percent to $59.3 million while earnings per share increased 9.4 percent compared to 2014. The company’s year-to-date operating income increased 11.6 percent to $90.8 million compared to 2014.
“In 2015, our overall results benefited from strategic pricing investments and the ongoing improvement of our store assortments by market,” said Weis Markets Chairman and CEO Jonathan Weis. “In addition, improved store level, supply chain and store support efficiencies helped us deliver a better customer experience, which helped us increase customer traffic and our overall market share.”
popchips Introduces All-New Ridges Line with Big Crunch and Bold Flavor
popchips inc. has announced one of the company’s boldest product innovations to date with the introduction of an entirely new product line called Ridges. popchips spent several years experimenting with its innovative process of combining heat and pressure to create an extraordinarily crunchy and bold tasting ridged chip. The new Ridges line rolls out to retailers nationwide in June in four taste bud-tempting flavors: salted, tangy barbeque, cheddar & sour cream and chili cheese.
“The new Ridges product was created to appeal to consumers who love crunch in their chips,” said popchips CEO Dave Ritterbush. “The texture of Ridges allows the boldness of our flavors to shine and delivers a big crunch you wouldn’t expect from a chip that is never deep fried. For the first time ever, there’s a big crunch, bold flavor ridged chip that tastes every bit as good as deep fried but with significantly less fat and calories.”
popchips found that seven out of 10 better-for-you shoppers were seeking more crunch in their snacking, which Ridges were specifically created to deliver. What’s more is that chip for chip, popchips Ridges contain 72 percent less fat and 55 percent less calories than the leading ridged chip brand. They are also gluten-free, kosher, contain no artificial preservatives, no synthetic colors, no cholesterol and zero grams of trans fat.
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In addition to the launch of Ridges, popchips is simultaneously introducing entirely new packaging for the brand, prominently pronouncing flavor front and center. Ridges packaging will be black, a stark contrast to original popchips, which will now feature off-white packaging. Both will have bright pops of color and graphic imagery. The brand created the new packaging to give original popchips and Ridges their own unique look, while making it easy for consumers to differentiate between the two on shelf.
Ridges will be available in both a single-serve bag and a share bag at leading retailers nationwide. In addition to the four new Ridges flavors, original popchips come in nine delicious varieties: sea salt, barbeque, crazy hot, sour cream & onion, sea salt & vinegar, sweet potato, cinnamon twist sweet potato and organic kettle corn.
KeHE Announces B Corp Certification with Signing Ceremony
KeHE Distributors, LLC (KeHE) announced its status as a Certified B Corporation (B Corp) at Natural Products Expo West 2016, the world’s largest natural and organic products tradeshow with nearly 100 B Corps exhibiting and 70,000 people in attendance.
The announcement is a culmination of a year-long rigorous assessment of KeHE’s community, environmental, governance and employee practices conducted by the nonprofit B Lab.
“KeHE is in business for more than just profits. As a Certified B Corporation, KeHE proudly joins a community of companies committed to using business and economic success to be a force for good,” said Brandon Barnholt, President and CEO, KeHE Distributors. “Our business culture emphasizes personal integrity—fostering an environment where employees feel valued and encouraged to achieve their best selves. The B Corp certification further validates KeHE’s core purpose: We SERVE to make lives better™.”
To announce KeHE’s B Corp certification, Barnholt led a toast with Chief B Keeper Ben Anderson and representatives from the B Corp community, including Cabot, Dr. Bronner’s, Ethical Bean Coffee, King Arthur Flour and Mamma Chia. After the toast, KeHE executives and guests were “first signers” of a giant B Corp Declaration of Interdependence (more than 21 feet wide) at KeHE’s booth. A “B Happy” Hour followed the toast and signing ceremony as the show opened to all conference attendees.
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“B Lab is honored to have KeHE join the more than 1,600 corporations that we have certified as B Corps,” Anderson said. “KeHE is exemplifying the collective spirit of the Certified B Corps, and we’re thrilled to see this collaboration heighten KeHE’s announcement and show the power of the community.”
In fact, KeHE scored high marks for its community initiatives and employee stewardship in the B Impact Assessment. Through its KeHE Cares program, the company donates 10 percent of its profits to charity and encourages participation in charitable activities in the U.S. and international communities. KeHE’s benefits package also includes paid time off for employees to volunteer. An employee stock option plan (ESOP) provides KeHE employees with company stock ownership.
Natural Products Expo West took place at the Anaheim Convention Center in Anaheim, Calif. from March 11-13, 2016. Visit KeHE’s B Corp profile to learn more: https://www.bcorporation.net/community/kehe.
