Wakefern positions itself for continued growth as sales near $21B

Core Insights - Wakefern Food Corp. reported retail sales of $20.7 billion for fiscal 2025, marking a 3.1% increase from $20.1 billion in the previous fiscal year [1][2] - The cooperative experienced significant expansion, operating nearly 400 retailer-owned stores across nine East Coast states [2] - Wakefern completed the acquisition of the 17-store Morton Williams chain and added new ShopRite locations during fiscal 2025 [3][4] Sales Performance - Retail sales for fiscal 2025 reached $20.7 billion, up from $20.1 billion in fiscal 2024, reflecting a year-over-year growth of 3.1% [1] - The previous fiscal year saw a sales increase of 2.2% [1] Expansion Activities - Wakefern's expansion included the acquisition of Morton Williams, which operates in Manhattan, the Bronx, and Jersey City [3] - The addition of three new ShopRite locations and one store under The Fresh Grocer brand occurred during fiscal 2025 [3] - A newly built ShopRite in West Caldwell, New Jersey, was added, featuring modern amenities and a larger footprint [4] Corporate Strategy - Wakefern's Chairman emphasized a focus on innovative business models and sustainable growth during the shareholders' meeting [4] - The cooperative operates under multiple banners, including ShopRite, The Fresh Grocer, and Morton Williams, among others [5]