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  September 5, 2001
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Home > Company Index > Retail > Grocery Retailing > Gristede's Foods, Inc.

Gristede's Foods, Inc.
AMEX: GRI
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 PROFILE
New York is a city that never sleeps, but eating is another matter. Gristede's Foods (formerly Gristede's Sloan's) feeds hungry New Yorkers with about 45 area supermarkets (most are located in Manhattan). Under the banners Gristede's and Sloan's, the stores offer fresh meats, produce, dairy products, baked goods, frozen foods, gourmet foods, and nonfood items. The company also owns City Produce Operating, which supplies the supermarkets with groceries and produce and sells wholesale fresh produce to third parties. Gristede's Foods has been remodeling many of its stores, which range from 3,200-23,000 sq. ft. Chairman and CEO John Catsimatidis, in part through his Red Apple Group, owns 92% of the company.

 COMPETITION
The Great Atlantic & Pacific Tea Company, Inc. (GAP)
D'Agostino Supermarkets, Inc. (dossier)
King Kullen Grocery Company Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: November
2000 Sales (mil.): 216.30
1-Yr. Sales Growth: 18.8%
Employees: 1,533
Revenue per employee: $141,095.89

 KEY PEOPLE
• John A. Catsimatidis
    CEO
• Gary Pokrassa
    CFO

 CONTACT INFO
823 11th Ave.
New York, NY 10019
US
Phone: 212-956-5803
Fax: 212-247-4509

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