Weis Markets reported a 1.2% increase in net income to $17.2 million for its third quarter thanks to disciplined promotions, increased store-level productivity and improved efficiency.
Speaking at Procter & Gamble's annual meeting, chairman, president and CEO, Bob McDonald ensured investors that the company is executing on its growth and productivity plan to enhance performance and drive shareholder value.
Target’s plan to achieve $6 billion in Canadian sales by 2017 is doable, according to Bernstein Research analyst Colin McGranahan, who notes the company’s goal is dependent on achieving sales productivity levels higher than the United States.