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Can Grocers Sustain The 'Pre-Christmas Bump'?
Tuesday, January 12, 2021 - 12:35pm | 388Read More...Grocers ended 2020 in a better position compared to other retailers and investors are wondering if the momentum can be sustained into 2021. High Note: Seven of the largest grocery nationwide grocery chains saw a year-over-year foot traffic decline of just 2.5% on Dec. 23 and a 1.1% drop on Dec. 24...
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Kroger Added Too Much To Its Cart, Will Slowdown 'Restock Kroger' Plans
Thursday, November 21, 2019 - 2:24pm | 388Read More...Kroger Co (NYSE: KR) will slow down its "Restock Kroger" plan after realizing it calls for too much at once, The Wall Street Journal reported. As part of the 2017 "Restock Kroger" plan, the grocer set out to renovate stores and introduce new products to better help support sales...
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Credit Suisse's Winners And Losers In The Food Space
Wednesday, April 18, 2018 - 3:32pm | 731Read More...Credit Suisse initiated coverage of a handful of food-related stocks Tuesday. The Analyst Credit Suisse's Judah Frommer initiated coverage of the following stocks: SYSCO Corporation (NYSE: SYY): Outperform, $68 price target. Kroger co (NYSE: KR): Outperform, $28 price target....
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Ahead Of Kroger's Q4 Report, Two Key Questions From Loop Capital Markets
Wednesday, March 7, 2018 - 3:04pm | 454Read More...Kroger Co (NYSE: KR) is scheduled to report fourth-quarter results before Thursday's market open, and Loop Capital is expecting a "solid" print — but said two key questions stand in the way of a bullish stance on the grocer. The Analyst Loop Capital Markets' Andrew Wolf...
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Grocers Continue To Struggle As Kroger Delivers Gloomy Outlook
Thursday, December 1, 2016 - 2:48pm | 418Read More...Grocers have been plagued by food price deflation these days, with all and sundry in the industry warning of hits to their top lines. Of particular note, prices of food such as egg, dairy and beef have seen sharp declines in recent months. The Labor Department's consumer price inflation report...
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USDA Seeking Retail Volunteer To Test Online SNAP Food Delivery Program
Friday, September 16, 2016 - 10:46am | 393Read More...The U.S. Department of Agriculture (USDA) is looking for a retail grocer volunteer to perform a two-year grocery delivery pilot test as part of its Supplemental Nutrition Assistance Program (SNAP). The pilot program is mandated by the 2014 Farm Bill and is intended to test the viability of allowing...
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Wal-Mart Investments In Low-Pricing Put Pressure On Everyone From Grocers To Dollar Stores
Monday, September 12, 2016 - 1:20pm | 389Read More...Wal-Mart Stores, Inc. (NYSE: WMT) continues to invest in its pricing, which is triggering headaches for many of its traditional and non-traditional peers. Daniel Binder, a consumer and retailer analyst at Jefferies, commented in a research note on Monday that his August pricing work shows Wal-Mart...
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4 Supermarket Ratings Calls From Goldman
Tuesday, July 26, 2016 - 12:45pm | 255Read More...Goldman Sachs updated its ratings for four food retailers/supermarkets, describing the sector as "challenging end market." "Grocery is a mature, low-growth sector characterized by relentless competition that appears to be intensifying. Industry sales are driven by inflation and correlated to...
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Are Kroger's Wal-Mart Concerns Overblown?
Wednesday, July 13, 2016 - 1:28pm | 330Read More...Oppenheimer said the recent pullback in The Kroger Co (NYSE: KR) shares creates an attractive opportunity, while adding that concerns of more aggressive actions from Wal-Mart Stores, Inc. (NYSE: WMT) seem overblown. The brokerage, which has an Outperform rating on Kroger, is "incrementally more...
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At Least One Analyst Is Waiting On The Sidelines Ahead Of Whole Foods' Q2 Results
Wednesday, May 4, 2016 - 11:31am | 359Read More...Whole Foods Market, Inc. (NASDAQ: WFM) is set to release its second-quarter results late Wednesday, and Macquarie said the results will be characterized by "accelerating negative comparable store store sales" and margin contraction "which could prove worse than anticipated." Wall Street expects the...
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Whole Foods '365' Spinoff Stores Are Being Carefully Positioned Near Trader Joe's And Sprouts
Thursday, April 14, 2016 - 12:39pm | 467Read More...Last week, Whole Foods Market, Inc. (NASDAQ: WFM) announced a spinoff store called 365, with the first location set to open May 25. The new grocer's concept has been described as a practical way for Whole Foods to "improve the chain's overall competitiveness and value positioning,...
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Wall Street Is Hungry For Costco, Kroger Earnings
Sunday, February 28, 2016 - 6:40pm | 577Read More...Two specialty retailers are expected to report their latest quarterly results this week. Consensus forecasts call for modest earnings growth from both companies. But only one of them has exceeded expectations in the past few quarters. The parade of quarterly results from the big retailers begins...
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Can Whole Foods Revive Customer Interest With A Loyalty Program?
Friday, February 19, 2016 - 8:33am | 329Read More...After exploding onto the grocery scene as a market darling, Whole Foods Market, Inc. (NASDAQ: WFM) has hit some stumbling blocks, as consumers turn to lower-cost retailers to buy organic products. The store has suffered as competitors like Costco Wholesale Corporation (NASDAQ: COST) and The Kroger...
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Vetr Crowd Upgrades Whole Foods To Strong Buy
Tuesday, November 24, 2015 - 11:51am | 339Read More...Shares of Whole Foods Market, Inc. (NASDAQ: WFM) have lost more than 40 percent year-to-date. The Vetr crowd upgraded Whole Foods Market to Strong Buy as 88 percent of the crowd's ratings are bullish. The Vetr crowd has a cumulative, crowd sourced price target of $33.30 –...
