Fresh Brands Inc keys in a record 1Q
May 14, 2003 12:00 PM, from staff and wire reportsFresh Brands Inc, a Sheboygan WI-based grocery wholesaler and supermarket retailer, reported record sales and earnings for the first quarter of 2003 ended April 19, 2003.
Net sales for this quarter were $187.7 million, a 1.9% gain over 2002’s first-quarter sales of $184.1 million. Net earnings for first-quarter 2003 totaled $1.93 million, an increase of 0.7% over net earnings of $1.91 million for the same period in 2002.
Retail sales for the first quarter of 2003 improved 1.5% to $93.9 million, compared with $92.5 million for the same period in 2002. Net wholesale sales for the first quarter of 2003 climbed 2.3% to $93.8 million, versus $91.6 million for the same period a year ago.
Fresh Brands has 74 franchised supermarkets and 28 corporate-owned stores operating under the Piggly Wiggly and Dick’s Supermarkets brands. The company also operates three distribution centers.