DALLAS, Oct. 17 /PRNewswire/ -- Fleming Companies, Inc. (NYSE: FLM) today
announced the agenda topics to be included in keynote addresses by Mark
Hansen, chairman and chief executive officer, and Neal Rider, executive vice
president and chief financial officer, at the company's upcoming analyst
meeting, to be held on October 24, 2001, in connection with Fleming's third
quarter earnings release.
"We look forward to an upbeat meeting. We particularly welcome the
opportunity to update the investment community regarding our performance and
outlook at Fleming," said Mr. Hansen.
Mr. Hansen will discuss the market opportunities currently available for
continued growth. He will outline the size and projected growth rates of both
the traditional independent grocery and non-traditional retail customers'
addressable markets. He will review the progress Fleming has made to date in
diversifying its customer base across a broad group of retail formats. He
will recap the solid returns the company projects on its most recent
acquisitions and transactions and the subsequent debt issued to permanently
finance them. He will also speak to the company's focused strategy in price
impact retail, review the latest prototype store, and assess the company's
growth opportunity in this under-served sector. Finally, Mr. Hansen will
assess the company's valuation in light of its long-term growth opportunities
and in comparison to its peers.
Mr. Rider will discuss the sales, earnings, and operating performance of
the company for the 12-weeks of the third quarter and 40-weeks year to date.
He will also discuss the progress achieved to date integrating new business
into Fleming's operations.
The meeting will begin at 12:30 p.m. Eastern Time on Wednesday,
October 24, 2001, and will be simultaneously webcast. Interested investors
can listen to the meeting by accessing the company's website,
http://www.fleming.com . Dial-in information will be available in the company's
third quarter earnings release, which will be issued before the open of the
market.
Fleming is the industry leader in distribution and has a growing presence
in value retailing. Fleming's primary business is buying and selling
merchandise. The company serves approximately 3,000 supermarkets,
6,800 convenience stores and more than 2,000 supercenters, discount, limited
assortment, drug, specialty, and other businesses across the country. To
learn more about Fleming, visit our Web site at http://www.fleming.com ."
This release includes forward-looking statements that depend on future
events for their accuracy or rely upon projections and assumptions that may
prove to be inaccurate. These forward-looking statements and the company's
business and prospects are subject to a number of factors that could cause
actual results to differ materially, including: adverse effects of the
changing industry environment and increased competition; sales declines and
loss of customers; the ability to achieve the expected synergies and
anticipated cost savings from the Kmart alliance; unanticipated transition and
start-up costs related to the Kmart alliance; the ability to obtain capital or
obtain it on acceptable terms; unanticipated problems with product
procurement; exposure to litigation and other contingent losses; the inability
to integrate acquired companies and to achieve operating improvements at those
companies; increases in labor costs and disruptions in labor relations with
union bargaining units representing the company's employees; and negative
effects of the company's substantial indebtedness and the limitations imposed
by restrictive covenants contained in the company's debt instruments. These
and other risk factors are described in the company's Securities and Exchange
Commission reports, including but not limited to the company's most recent
Form 10-K. The company undertakes no obligation to update forward-looking
statements to reflect developments or information obtained after the date
hereof.
CONTACTS:
(Media) Shane Boyd 972.906.8824
(Media) Randy Hatcher 972.906.8823
(Investors-Equity) Meredith Anderson 972.906.8592
(Investors-Debt) Matt Hildreth 972.906.8126
SOURCE Fleming
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Related links:
http://www.fleming.com
CONTACT:
media, Shane Boyd, +1-972-906-8824, or Randy
Hatcher, +1-972-906-8823, or investors-equity, Meredith Anderson,
+1-972-906-8592, or investors-debt, Matt Hildreth,
+1-972-906-8126, all of Fleming
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