Ruddick will continue to enhance international operations

29 Jan '10

4 min read

Thomas W. Dickson, Chairman of the Board, President and Chief Executive Officer of Ruddick Corporation commented that, “As customers face the ongoing challenges of the economy, our focus remains on driving customer shopping visits and loyalty. We continue to deliver quality, variety and value to each and every customer through further investing in our in-store promotional activity and lower everyday prices. Despite the presence of deflation in some categories, we realized a greater number of items sold and increased customer shopping visits in our comparable stores during the first quarter of fiscal 2010. Additionally, our customer loyalty data indicates that the number of active households increased by 2.21% per comparable store. We have continued to offset a significant portion of our promotional activity investment by operational efficiencies and cost saving initiatives throughout the organization. As a result, selling, general and administrative costs as a percent of sales decreased to 25.53% for the first quarter of fiscal 2010, as compared to 26.27% in the prior year. Our customers are much more price sensitive than ever before; however, they continue to demand the quality, variety and service we have always provided and we will continue to provide.”

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