|Day's Range||29.10 - 29.40|
|52 Week Range||28.29 - 37.97|
|PE Ratio (TTM)||14.30|
|Dividend & Yield||0.48 (1.64%)|
|1y Target Est||N/A|
Food price deflation, one of the biggest factors limiting sales and profits for Kroger Co. and others in the supermarket business, is finally showing signs of fading away. Wal-Mart Stores Inc. (WMT) executives told analysts and investors last week that they didn’t experience the food price deflation during the first quarter that has plagued the industry for more than a year. “The grocery business continued to improve with food categories delivering the strongest quarterly comp sales performance in more than three years, due in part to a lack of market deflation in food,” Wal-Mart CFO Brett Biggs told investors.
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Rating Action: Moody's Affirms the CTL Rating of Smith's Food& Drug Centers, Inc. 1994- A. Global Credit Research- 19 May 2017. Approximately $18 Million of Securities Affected.