The top US wholesale food distributor, Fleming, has cut its fourth-quarter earnings outlook due to weak sales, higher meat prices and employee costs.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The Texas-based company no expects to post fourth-quarter earnings from continuing operations of US$5m to $6m, or 10 cents to 12 cents per share, on sales of around $4.08bn. Analysts polled by Thompson First Call had forecast earnings of 31 cents per share on revenue of $3.98bn.


Fleming also announced a charge of around $116m for discontinued operations relating to the pending sale of some retail operations. The company has signed agreements to sell 32 of its discount warehouse grocery stores to Save Mart Supermarkets.


The company said that its revenue is likely to fall further due to plans by Kmart, which is Fleming’s single largest customer, to close more of its stores, reported AP Online.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

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