H.E. Butt Grocery Co. has launched a Platinum version of its initial "My HEB Pharmacy Rewards Program," with new benefits including a 90-day medicine supply for only $9.99, free health screenings and select pet medication coverage.
Analysts say the adjustment is not expected to be significant, and a company official called the move "shifting some numbers around." The restatement will affect fiscal years 1999 through the first two quarters of 2002, and would involve less than $100 million in adjustments.
Scott Livengood sits down with Business Week to talk about his company's staggering growth. Krispy Kreme reported a 64.5% earnings increase in fiscal 2002, and is expected to post a 45% profit growth in fiscal 2003.
The 45-year-old company is combining product placement, new marketing ideas, new flavors and its own line of retail boutiques to further expand its market. Chupa Chups has invited celebrities such as Brandy, Giorgio Armani and Madonna to try their products.