Food Business News - June 12, 2018 - 22
In addition to ice cream, several
other product categories will join the
Signature Reserve portfolio throughout
2018, including ultra-premium pasta
and pasta sauces imported from Italy,
single-origin packaged coffees from Sumatra and Nicaragua, and four varieties
of hand-picked loose leaf tea.
Albertsons said its Signature brands
account for nearly $6 billion in sales across
more than 400 categories. In addition to
Signature Reserve, other Signature brands
include Signature Cafe, Signature Farms,
Signature Care and Signature SELECT.
The Signature brands are part of Albertsons' Own Brands, which also includes
O Organics, Lucerne and Open Nature. FBN
DOLLAR TREE INC.
Dollar Tree seizing opportunity with
'Snack Zone,' plans to expand concept
CHESAPEAKE, VA. - The introduction of an
initiative called the "Snack Zone" in 214
locations has generated incremental
sales and additional foot traffic for Dollar
Tree Inc., company executives told analysts during a May 31 conference call to
discuss first-quarter results.
"The Snack Zone is designed to
provide customers with compelling
assortment of immediate consumption products at the $1 price point to
drive incremental sales," said Gary M.
Philbin, president and chief executive
officer. "Our customers are excited with
the introduction of the Snack Zone,
great values across categories of cold
beverages, candy, snack cakes, salty
treats, other favorites that bring our
customers back to those treats that they
Mr. Philbin said the company plans
to launch the Snack Zone initiative into
750 Dollar Tree stores in fiscal 2018.
Net income at Dollar Tree in the
first quarter ended May 5 totaled $160.5
million, equal to 68c per share on the
common stock, down 20% from $200.5
million, or 85c per share, in the same period a year ago. Net sales totaled $5,553.7
million, up 5% from $5,287.1 million. FBN
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Food Business News
June 12, 2018