Stop & Shop / Giant-Landover
The following table contains operational information including net sales and operating income for Stop & Shop / Giant-Landover in 2008 and 2007:
|
2008 |
2007 |
| Net sales in EUR (millions) |
11,681 |
12,192 |
| Net sales in USD (millions) |
17,097 |
16,689 |
| Change in identical sales (excluding gasoline sales): |
|
|
| Stop & Shop |
2.1% |
0.6% |
| Giant-Landover |
(0.5)% |
(1.1)% |
| Change in comparable sales (excluding gasoline sales): |
|
|
| Stop & Shop |
2.4% |
1.0% |
| Giant-Landover |
(0.3)% |
(0.9)% |
| Operating income in EUR (millions) |
485 |
486 |
| Operating income in USD (millions) |
701 |
662 |
| Operating income as a percentage of net sales |
4.1% |
4.0% |
| Underlying operating income as a percentage of net sales |
4.3% |
4.2% |
| Number of employees at year end (Headcount) |
84,664 |
81,215 |
| Number of employees at year end (FTE) |
59,860 |
59,439 |
| Sales area (in thousands of square meters) |
2,086 |
2,060 |
Stop & Shop / Giant-Landover also operates Peapod, LLC (“Peapod”), an online grocery delivery service that works in partnership with the Stop & Shop / Giant-Landover operating company. Peapod also services the metropolitan areas of Chicago, Illinois, and Milwaukee, Wisconsin. Sales are included in sales of Stop & Shop / Giant-Landover.
Net sales
Net sales increased 2.4 percent in 2008 to USD 17.1 billion. The increase was due to identical sales growth and the opening of new and replacement stores; store closures were a partial offset. In 2008, net sales included USD 114 million of sales to Tops. Prior to the disposal of Tops, such sales were recorded as inter-company sales.
Excluding gasoline net sales, Stop & Shop identical sales increased 2.1 percent in 2008 compared with a 0.6 percent increase in 2007. Over the full year, Giant-Landover identical store sales growth was negative, impacted by lower pharmacy sales. However, Giant-Landover identical sales growth was positive in the second half of the year – the first time since 2002. During 2008, Giant-Landover opened its first two supermarket gasoline facilities.
Operating income
In 2008, operating income increased USD 39 million or 5.9 percent to USD 701 million. The increase was largely due to higher sales and cost efficiencies. The results included approximately USD 59 million of impairments, restructuring and related charges, as well as gains on the sale of real estate of USD 30 million. See Results from operations for more details.
| |
December 28, 2008
Number |
December 30, 2007
Number |
| Store portfolio development |
|
|
| Stop & Shop |
381 |
376 |
| Giant-Landover |
182 |
184 |
| Stop & Shop / Giant-Landover |
563 |
560 |
For more business infomation, go to Stop & Shop and Giant-Landover
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