News

Weis reports 3Q same-store sales increase of 6.5%

BY Michael Johnsen

SUNBURY, Pa. — Weis Markets on Wednesday reported third-quarter sales of $678.6 million, an increase of 6%. Comparable-store sales increased 6.5% during the thirteen-week period ended Sept. 24.

"Our company continues to generate strong results in a difficult economic environment," stated Robert Weis, Weis Markets’ chairman. "Cautious consumer spending due to the poor economy continues to impact our business, [and] fuel and wholesale inflation impacted our business during the period."

"We absorbed a significant portion of these cost increases during the quarter and did not pass them on to our customers," Weis added. "Our company continues to benefit from improved operating performance and execution at store level, increased supply chain efficiencies and a disciplined and effective go-to-market strategy."

During the period, the grocer’s net income increased 4.1% to $17 million compared with the same period a year ago. The company’s third-quarter earnings per share increased to 63 cents per share compared with 61 cents per share in 2010.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Teva’s Copaxone reduced brain volume loss in patients, according to study

BY Alaric DeArment

JERUSALEM — Multiple sclerosis patients treated with a drug made by Teva Pharmaceutical Industries showed a "significant" reduction in their loss of brain volume, according to a new study.

Results of a five-year study published in the Journal of the Neurological Sciences found that Copaxone (glatiramer acetate) produced significant reductions in patients’ loss of brain volume compared with other disease-modifying therapies.

"These data represent the importance of ongoing research in a practical clinical setting to better understand multiple sclerosis and the impact of therapy on the course of the disease," Teva Neuroscience SVP and general manager Jon Congleton said. "Not only does this study highlight the benefit of Copaxone in reducing brain volume loss, it underscores the value of early treatment in influencing long-term outcomes."

In the study, 121 patients were treated with Copaxone, while 101 were treated with Bayer HealthCare Pharmaceuticals’ Betaseron (interferon beta-1b) or Pfizer’s and EMD Serono’s Rebif (interferon beta-1a), and 53 were treated with Biogen Idec’s Avonex (interferon beta-1a).

 


Interested in this topic? Sign up for our weekly Retail Health Provider e-newsletter.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

NIH study links vitamin E supplementation to prostate cancer

BY Michael Johnsen

BETHESDA, Md. — A National Institutes of Health study published Tuesday in the Journal of the American Medical Association established a link between vitamin E supplementation and prostate cancer. Men who took 400 international units of vitamin E daily had more prostate cancers compared with men who took a placebo, according to an updated review of data from the Selenium and Vitamin E Cancer Prevention Trial, the NIH stated.

The findings showed that, per 1,000 men, there were 76 prostate cancers in men who took only vitamin E supplements versus 65 in men on placebo over a seven-year period, or 11 more cases of prostate cancer per 1,000 men. This represents a 17% increase in prostate cancers relative to those who took a placebo, the study noted.

"Based on these results and the results of large cardiovascular studies using vitamin E, there is no reason for men in the general population to take the dose of vitamin E used in SELECT (400 IUs) as the supplements have shown no benefit and some very real risks," stated Eric Klein, a study co-chair for SELECT and a physician at the Cleveland Clinic.

"Although ‘statistically significant’ to a statistician, one wonders if an absolute increase in the risk of prostate cancer of 1.6 cases per 1,000 person-years is really a ‘significantly increased risk of prostate cancer’ as noted in the article," countered Duffy MacKay, VP scientific and regulatory affairs for the Council for Responsible Nutrition.

“Men shouldn’t rush to judgment about vitamin E based on this study, but instead should consider the body of evidence, the amount being taken and their individual medical history," MacKay said. "Even with respect to prostate cancer, two other studies that were cited within the article produced different results — one demonstrated a 35% risk reduction for prostate cancer in men taking 50 mg (75 IU) vitamin E daily for six years and another resulted in no effect on risk."

"The study itself, in the confines of the drug model, appears to be well designed and well executed; however, it also evidences the risks of examining a nutrient in isolation," MacKay said. "With a reductionist approach to the benefits of nutrition, the study showed that a dose of 400 IU vitamin E was not likely to provide benefit for preventing cancer, and the authors found an increased risk for developing prostate cancer. Interestingly, when vitamin E was combined with selenium, the risk was reduced to a nonsignificant statistic, perhaps even the result of chance," he noted. "This reinforces the theory that vitamins work synergistically and that drug-like trials of nutrients, when used in isolation from other nutrients, may not be the most appropriate way to study them."

SWOG, an international network of research institutions, carried out SELECT at more than 400 clinical sites in the United States, Puerto Rico and Canada. SELECT was funded by the National Cancer Institute and other institutes that comprise the National Institutes of Health.

The SELECT study began in 2001 and included more than 35,000 men. It was started because earlier research had suggested that selenium or vitamin E might reduce the risk of developing prostate cancer. However, based on an independent safety monitoring review in autumn 2008, participants were told to stop taking their study supplements because it had become clear that the trial would never produce the 25% reduction in prostate cancer the study was designed to show with the use of these supplements. In 2010, the study sites were closed and more than half of the participants consented to have their health monitored via mail questionnaires. Now, because of this latest finding, researchers are encouraging all participants to consider taking part in long-term study follow-up so investigators can continue to track outcomes.

SELECT was undertaken to substantiate earlier, separate findings from studies in which prostate cancer risk was not the primary outcome. A 1998 study of male smokers in Finland who took 50 IU of vitamin E daily to prevent lung cancer showed 32% fewer prostate cancers in men who took the supplement. A 1996 study of men and women with a history of skin cancer who took selenium for prevention of disease recurrence showed that men who took the supplement had 52% fewer prostate cancers than men who did not take the supplement.

SELECT researchers are now measuring the amount of vitamin E, selenium and other nutrients in the blood of participants when they joined the trial, to see if the effect of the supplements depended upon this baseline level of micronutrient. Other researchers are looking at single nucleotide polymorphisms, which are DNA changes known as SNPs, to see if a change in one or more genes could affect cancer risk or perhaps increase a man’s risk of developing prostate cancer while taking vitamin E.

Except for skin cancer, prostate cancer is the most common type of cancer in men in the United States. The current lifetime risk of prostate cancer for American men is 16%. In 2011, there will be an estimated 240,890 new cases of prostate cancer and 33,720 deaths from this disease in the United States.

For questions about vitamin E, consumers should talk with their physician, nurse practitioner, pharmacist or other healthcare practitioner, MacKay suggested.

 


Interested in this topic? Sign up for our weekly Retail Health Provider e-newsletter.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?