US retailer Roundy’s Inc said a “more challenging economic and competitive environment” affected results in the third quarter as profits fell.

Earnings in the three months ended 1 October amounted to US$8.8m compared to $12.4m a year earlier. Adjusted EBITDA, excluding the impact of one-time employee expenses, fell 24% to $43.1m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Net sales in the period amounted to $973.6m, a drop of 0.3% on last year. Roundy’s posted a 3.6% decline in same-store sales. The company opened two new stores and one replacement store during the third quarter.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now