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The Kroger Co. Message Board

  • southbuckeye southbuckeye Nov 8, 2010 3:06 PM Flag

    Commodity Price Increases

    UBS today lowered Safeway to a sell with a target price of 18. It's currently selling at 23 and change. UBS says commodity inflation in food is coming and grocers may not be able to pass it to consumers, hurting the bottom lines. This probably isn't good news for Kroger or any other grocer. And food isn't the only thing going up in price. Oil is too. And as gasoline takes a bigger bite out of consumers pockets,discretionary spending on higher margin food items will decline. All unintended consequences of trying to artificially keep the U.S. dollar low.

62.46+0.96(+1.56%)Dec 17 4:00 PMEST

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