Roundy's Supermarkets, Inc. -- Moody's - Roundy's continued struggles in its core markets are credit negative

New York, May 14, 2015 -- Moody's Investors Service today said that Roundy's Supermarkets, Inc's. (B3/stable) first quarter financial results for fiscal 2015 anounced yesterday after markets closed demonstrate the challenges the company continues to face in its core markets of Wisconsin and Illinois. These results are a credit negative. Roundy's same store sales growth continues to trend negative and lags its peers primarily due to lower number of customer transactions as traffic in its stores continues to decline. First quarter 2015 same store sales from continuing operations declined 1.6%. Adjusted for the effect of the 2015 Easter holiday calendar shift from the second quarter of 2014 into the first quarter of 2015 same store sales declined 2.9%. The company's same store sales growth has been negatively impacted by increased competitive activity in its core markets as alternative food retailers increased the number of new store openings in these markets.

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