Exhibit 99.1

ROUNDY’S, INC. REPORTS SECOND QUARTER 2012 FINANCIAL RESULTS

MILWAUKEE – August 9, 2012 – Roundy’s, Inc. (“Roundy’s”) (NYSE: RNDY), a leading grocer in the Midwest, today reported financial results for the second quarter ended June 30, 2012.

“Our second quarter results reflect the ongoing effects of a challenging economic environment on our business and our consumers,” said Robert Mariano, Roundy’s chairman, president and chief executive officer. “Our top line results were constrained by an increasingly price-conscious consumer and greater than anticipated pricing and promotional activity in several of our major markets. While these headwinds were worse than we expected in the quarter, we continue to be pleased with the strength in our Chicago area stores and the growing traction of our perishable, organic and own brand product offerings. As we look ahead, we believe that the economic and competitive conditions are likely to remain difficult for the second half of the year and consequently we are reducing our expectations for the year. We will continue to defend our local market leadership and are introducing a number of pricing and promotion initiatives focused on providing customers with high quality products at compelling values.”

Financial Results for Second Quarter of 2012

Net sales for the second quarter of 2012 were $996.8 million, an increase of $16.4 million, or 1.7%, from $980.4 million for the second quarter of 2011. The increase primarily reflects the impact of new stores, partially offset by a 3.3% decrease in same-store sales. The same-store sales decrease was primarily due to a 3.2% decrease in the number of customer transactions. Average transaction size in the second quarter 2012 was unchanged from the second quarter 2011. Same-store sales comparisons were negatively impacted by increased weakness in the consumer environment as a result of the soft economy and the increased effect of competitive store openings and related pricing and promotional activity in certain markets. In addition, the timing of the 2012 July 4^th holiday negatively affected same store sales by shifting more sales into the third quarter than during the comparable prior year quarter.

Gross profit for the second quarter of 2012 increased 1.1% to $267.7 million, from $264.7 million in the second quarter of 2011. Gross profit as a percentage of net sales was 26.9% for the second quarter of 2012, compared to 27.0% in the second quarter of 2011. The decrease in gross profit as a percentage of net sales primarily reflects price and promotional investments in certain markets and increased shrink, partially offset by improved efficiencies in the Company’s supply chain operations.

Operating and administrative expenses for the second quarter of 2012 increased to $224.0 million, from $216.9 in the same period last year. Operating and administrative expenses as a percentage of net sales increased to 22.5% in the second quarter of 2012, from 22.1% in the same period last year, due to increased occupancy costs related to new and replacement stores, incremental costs related to being a public company and reduced fixed cost leverage in the Company’s core business resulting from lower same store sales.

For the second quarter of 2012, net income was $18.9 million, or $0.42 diluted earnings per common share, compared to $17.7 million, or $0.58 diluted earnings per common share, for the second quarter of 2011.

Adjusted EBITDA for the quarter ended June 30, 2012 was $60.3 million, compared to $65.2 million in the second quarter of 2011. The decrease was primarily due to the effect of a more challenging economic and competitive environment, which resulted in lower same-store sales and reduced fixed cost leverage, as well as lower gross margins.

The Company did not open any new stores during the second quarter of 2012 but expects to open three new stores and relocate one store during the second half of 2012.

Net cash provided by operating activities for the second quarter 2012 was $39.7 million, compared to $74.5 million during the second quarter 2011. The decrease in cash from operating activities was due primarily to the higher use of cash for working capital in 2012 which was primarily due to the timing of payments for inventory and accounts payable.

The Company paid a dividend of $0.23 per share on all outstanding shares of its common stock during the second quarter. The Company currently intends to declare its next dividend of $0.23 per share at its board of directors’ meeting in mid-August.

Year-to-Date Financial Results

Net sales were $1,935.1 million for the twenty-six weeks ended June 30, 2012, an increase of $38.7 million, or 2.0% from $1,896.4 million for the twenty-six weeks ended July 2, 2011. The increase primarily reflects the impact of new stores, partially offset by a 2.7% decrease in same-store sales. The same-store sales decrease was due to a 2.0% decrease in the number of customer transactions and 0.7% decrease in the average transaction size. The Company’s same-store sales were negatively impacted by the effect of competitive store openings during the last twelve months as well as a more challenging economic and competitive environment. Same-store sales were also affected by calendar shifts, including the New Year’s holiday, which is traditionally a slow sales day and fell in the first quarter of 2012 and the July 4^th holiday, which shifted more sales into the third quarter this year.

For the twenty-six weeks ended June 30, 2012 net income was $21.2 million, or $0.51 diluted earnings per common share, compared to $26.5 million, or $0.87 diluted earnings per common share, for the twenty-six weeks ended July 2, 2011. Adjusted net income for the twenty-six weeks ended June 30, 2012 was $29.5 million, or $0.71 diluted earnings per common share, compared with $26.5 million, or $0.87 diluted earnings per common share for the twenty-six weeks ended

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July 2, 2011. Adjusted net income for the current year-to-date period excludes an $8.4 million after-tax charge, or $0.20 per diluted common share, for the early extinguishment of debt and one-time IPO expenses that occurred during the first quarter 2012.

Adjusted EBITDA for the twenty-six weeks ended June 30, 2012 and July 2, 2011 was $109.0 million and $116.1 million, respectively.

Fiscal 2012 Guidance

The Company updated its guidance for fiscal 2012. The following table provides information on the Company’s current estimated 2012 results:

Conference Call

The Company will host a conference call and audio webcast today, August 9, 2012 at 4:30 p.m. ET (3:30p.m. CT) to discuss financial results for the second quarter fiscal 2012. To access the conference call, participants should dial (888) 790-3727; passcode is 5627188. Participants are encouraged to dial in to the conference call ten minutes prior to the scheduled start time. The call will be also broadcast live over the Internet and accessible through the Investor Relations section of the Company’s website at www.roundys.com, where it will be archived and accessible through August 23, 2012. A telephone replay will be available through August 23, 2012 by calling (866) 351-5764 to access the playback.

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About Roundy’s

Roundy’s is a leading grocer in the Midwest with nearly $4.0 billion in sales and more than 18,000 employees. Founded in Milwaukee in 1872, Roundy’s operates 159 retail grocery stores and 98 pharmacies under the Pick ’n Save, Rainbow, Copps, Metro Market and Mariano’s Fresh Market retail banners in Wisconsin, Minnesota and Illinois.

Non-GAAP Financial Measures

This press release presents Adjusted Net Income and Adjusted EBITDA, which are non-GAAP financial measures within the meaning of applicable SEC rules and regulations, as defined under “Consolidated Statements of Comprehensive Income.” For a reconciliation of Adjusted Net Income and Adjusted EBITDA to net income under generally accepted accounting principles and for a discussion of the reasons why the Company believes that these non-GAAP financial measures provide information that is useful to investors see the tables following “Consolidated Statements of Comprehensive Income.”

Forward-Looking Statements

This release contains forward-looking statements about the Company’s future performance, which are based on Management’s assumptions and beliefs in light of the information currently available to it. The Company assumes no obligation to update the information contained herein. These forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from such statements including, but not limited to: competitive practices and pricing in the food industry generally and particularly in the Company’s principal markets; employee relationships and the terms of future collective bargaining agreements; the costs and other effects of legal and administrative cases and proceedings; the nature and extent of continued consolidation in the food industry; changes in the financial markets which may affect cost of capital and ability to access capital; supply or quality control problems with vendors; and changes in economic conditions which affect the buying patterns of customers. Additional factors that could cause actual results to differ materially from such statements are discussed in the Company’s periodic reports and filings with the Securities and Exchange Commission.

Contact:

Katie Turner

ICR

katie.turner@icrinc.com

646-277-1228

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Roundy’s, Inc.

Consolidated Statements of Comprehensive Income

(In thousands, except per share data)

(Unaudited)

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Adjusted Net Income

The following is a summary of the calculation of Adjusted Net Income for the thirteen and twenty-six weeks ended July 2, 2011 and June 30, 2012, respectively (in thousands):

The Company presents Adjusted Net Income, a non-GAAP measure, to provide investors with a view of operating performance excluding significant and non-recurring items.

Adjusted EBITDA

The following is a summary of the calculation of Adjusted EBITDA for the thirteen and twenty-six weeks ending July 2, 2011 and June 30, 2012, respectively (in thousands):

The Company presents Adjusted EBITDA, a non-GAAP measure, to provide investors with a supplemental measure of its operating performance. The Company believes that Adjusted EBITDA is a useful performance measure and is used by the Company to facilitate a comparison of its operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting the Company’s business than measures under U.S. generally accepted accounting principles (“GAAP”) can provide alone. The Company’s board of directors and management also use Adjusted EBITDA as one of the primary methods for

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planning and forecasting overall expected performance and for evaluating on a quarterly and annual basis actual results against such expectations, and as a performance evaluation metric in determining achievement of certain compensation programs and plans for employees, including its senior executives.

The Company defines Adjusted EBITDA as earnings before interest expense, provision for income taxes, depreciation and amortization, LIFO charges, amortization of deferred financing costs, non-cash compensation expenses arising from the issuance of stock, options to purchase stock and stock appreciation rights, costs incurred in connection with the Company’s IPO (or subsequent offerings of Roundy’s common stock) and loss on debt extinguishment. Omitting interest, taxes and the other items provides a financial measure that facilitates comparisons of the Company’s results of operations with those of companies having different capital structures. Since the levels of indebtedness, tax structures, and methodologies in calculating LIFO expense that other companies have are different from the Company’s, it omits these amounts to facilitate investors’ ability to make these comparisons. Similarly, the Company omits depreciation and amortization because other companies may employ a greater or lesser amount of owned property, and because in the Company’s experience, whether a store is new or one that is fully or mostly depreciated does not necessarily correlate to the contribution that such store makes to operating performance. The Company believes that investors, analysts and other interested parties consider Adjusted EBITDA an important measure of the Company’s operating performance. Adjusted EBITDA should not be considered as an alternative to net income as a measure of the Company’s performance. Other companies in the Company’s industry may calculate Adjusted EBITDA differently than the Company does, limiting its usefulness as a comparative measure.

Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. The limitations of Adjusted EBITDA include: (i) it does not reflect the Company’s cash expenditures or future requirements for capital expenditures or contractual commitments; (ii) it does not reflect changes in, or cash requirements for, the Company’s working capital needs; (iii) it does not reflect income tax payments the Company may be required to make; and (iv) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and Adjusted EBITDA does not reflect any cash requirements for such replacements.

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Roundy’s, Inc.

Consolidated Balance Sheets

(In thousands, except per share data)

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Roundy’s, Inc.

Consolidated Statements of Cash Flows

(In thousands)

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