25.28 +0.06 (0.24%)
After hours: 4:52PM EDT
|Bid||25.13 x 1400|
|Ask||25.36 x 1000|
|Day's Range||25.07 - 25.51|
|52 Week Range||23.52 - 32.74|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||6.71|
|Earnings Date||Jun 19, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||0.56 (2.28%)|
|1y Target Est||28.26|
CHICAGO, April 23, 2019 /PRNewswire/ -- Home Chef, one of the nation's leading meal kit companies, today announced plans to move its headquarters into the redeveloped Old Post Office this summer as it prepares to accommodate future team growth. Home Chef, which merged with The Kroger Co. (KR) in 2018, will use the new space to accelerate growth and innovation, develop new products and expand the availability of current meal solutions. "The growth we are seeing in both our e-commerce and retail channels has led to expansion in all areas of the business," said Patrick Sullivan, CFO of Home Chef.
Amazon (NASDAQ:AMZN) is due to report earnings April 25. Analysts expect about $2.3 billion in net income, or $4.72 per share. The hoped-for "whisper number" is $4.95 per share, almost $2.5 billion.Source: Shutterstock The key number will be the revenue number, expected to be $59.65 billion.I'm guessing it will come in light.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reason is Whole Foods, whose strategy doesn't line up with Amazon's. What happens at Whole Foods matters because the argument for Amazon stock is based on cash flow and growth, not on profits. Amazon has been growing at about 30% per year, even with its huge scale. Any slowdown is going to hit the stock hard.And Whole Foods looks like a slowdown. Amazon's Whole Foods ProblemWhen Amazon bought Whole Foods in 2017 for $13.7 billion, it was an upscale retailer known to detractors as "Whole Paycheck."Corporate cultures clashed immediately, as Amazon sought to scale Whole Foods into a mainstream retailer, a high-volume outlet serving its Prime customers. * 10 High-Yielding Dividend Stocks That Won't Wilt The result is illustrated in the Atlanta market, where the company's original store in an upper-class suburb recently closed in favor of a multi-story outlet in a downtown skyscraper. The company also opened a suburban outlet under its low-cost "365" brand, which is now going away.Amazon immediately began advertising "lower prices" at the new store, especially for Prime Members. I'm a Prime member, so I checked it out.The prices are below those Whole Foods once charged, but they're nowhere near those of Kroger (NYSE:KR), privately owned Publix or Walmart (NYSE:WMT), which dominate the Atlanta marketplace. Small hamburger buns that sell for $1.50 a pack at Kroger go for $3 at the new Whole Foods. It's like breakfast at Tiffany (NYSE:TIF). Bring your own croissant and stand at the window.There are some cool amenities, like a "vegetable butcher," a bakery and a rooftop beer garden, but bargain hunters are going to be disappointed. This is still an upper-class store for upper-class foodies. The power of Whole Foods sales hit Amazon's balance sheet in 2018. It's likely growth in 2019 will be much slower.What Amazon wants is for its Prime Members to order their groceries from Whole Foods and have them delivered via Amazon. For that change in habit to happen, it needs a much bigger, broader store network than Whole Foods now offers. Bananas are not books. Amazon on All CylindersOver the longer run, Amazon is still great. Cloud revenues keep climbing and margins should be fine since over half of what's sold at the website is owned by others. Amazon is once-again retreating in China, but that was never a big money-maker.Amazon also has huge growth opportunities in front of it. Its credit card, currently managed by JPMorgan Chase (NYSE:JPM), should become just the opening wedge in an all-out assault on banking services from small business lending to mortgages.Its joint venture in healthcare with JPMorgan and Berkshire Hathaway (NYSE:BRK.A) only has a name -- Haven -- but it should start with about 1.5 million accounts (the three firms' employees and families), roughly 5 million total insureds. It looks to be copying the analytics-based strategies of United Healthcare (NYSE:UNH), which just reported record profits on revenue of $60.3 billion with almost 50 million customers. The Bottom LineFor Amazon, it's only top-line growth in the near term that's threatened. The company chose to pay $13.7 billion for 2% of the U.S. grocery market when Kroger, which has 10% of that market, is valued at just $20.4 billion.Over the longer run, Amazon still has an enormous runway for growth, and the assets to take advantage. But investors and reporters are fickle. A revenue "miss" could look much larger than it really is. If it does, consider any dip another invitation to buy this stock for the long run.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Amazon Is a Buy on Dips, Whatever Whole Foods Does appeared first on InvestorPlace.
Oppenheimer analyst Rupesh Parikh recently visited a Kroger pilot store in Washington and was impressed with what he saw.
Kroger Co.’s efforts to keep prices low have fallen short lately, at least when compared to Walmart, an analyst’s new study shows.
Don Lee Farms is launching its organic plant-based burger in nearly 2,000 Kroger markets. The Inglewood, California-based company said the burgers will be sold in the meat section at Kroger, Ralphs, Dillons, King Soopers, Fry's, QFC and Fred Meyer. The organic burgers are currently available at Costco Wholesale, Publix, Wegmans, HEB, Stater Bros, Tops, Stop & Shop and markets across the United States.
A Kentucky woman is suing an Indiana-based company that issued a recall last week for melon products linked to a salmonella outbreak. Fifty-year-old Tammy France of Louisville alleges in her federal lawsuit that she spent a week hospitalized with salmonella poisoning after eating pre-cut melon made by Caito Foods.
Visa (NYSE:V) is slated to reports its second-quarter earnings on Apr. 24 after the market closes. The payments processing giant continues to build market share and establish a reputation for beating earnings estimates, enabling Visa stock to trade near its all-time highs.Source: Shutterstock However, the company has begun to lose one high-profile customer. Moreover, a well-funded competitor has entered the credit-card business. Those developments could cause some owners of V stock to question its rising price-earnings multiple. * 7 Stocks to Buy for Spring Season Growth Although those issues don't pose an immediate threat to Visa's dominance, they could make investors think twice about buying Visa stock at its current levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Visa Should Beat Analysts' Estimates, But Is That Enough?For the second quarter, analysts on average expects Visa's earnings per share to come in at $1.24. If Visa hits that target, its EPS will have risen 11.7% year-over-year. Analysts' consensus revenue estimate is $5.46 billion, versus the $5.07 billion of revenue that the company reported in the same quarter of 2018.Since V has exceeded analysts' consensus earnings expectations in each of the previous four quarters, its Q2 results will probably beat the consensus outlook as well. As our society continues to increasingly give up cash, Visa and its peers should continue to benefit from that trend.Furthermore, Visa continues to gain market share from archrival Mastercard (NYSE:MA) as well as peers such as American Express (NYSE:AXP) and Discover (NYSE:DFS). As late as the third quarter of last year, Visa claimed more than 61% of total U.S. card volume. That makes Visa stock a compelling long-term buy on any pullback, even if the company's Q2 results are surprisingly negative.However, I see signs that the short-term outlook of Visa is not entirely positive. The price-earnings ratio of Visa stock now stands at around 34.5. That comes in slightly ahead of the long-term average multiple of V stock, which is about 32.6. Since Visa's profit is expected to increase 15.2% this year, I think Visa stock price is mildly overvalued.Meanwhile, V stock looks less than compelling when investors can buy AXP stock at about 14 times its earnings. By buying AXP, whose profits are expected to rise 11% this year, traders obtain about 72% of the growth of Visa at around 40% of the price. Visa Stock Faces Rising ThreatsAlso, Visa has used its dominant position to raise the fees that it charges merchants. That has prompted Kroger (NYSE:KR) to refuse to accept Visa cards at some of its locations. For now, Kroger is only refusing to accept Visa's credit cards at 21 of its Foods Co. stores in California. However, it will soon extend this ban to both its Smith's Food and Drug stores and its fuel centers in seven states.That places V in an awkward position. If Kroger stops accepting Visa at all of its stores or if other retailers start refusing to accept Visa cards at some of their stores, Visa's revenues could meaningfully drop. However, if Visa relents and lowers its fees, that will likely reduce its profits, negatively impacting Visa stock.Moreover, Apple (NASDAQ:AAPL) has partnered with Goldman Sachs (NYSE:GS) and Mastercard on its new Apple Card. At first glance, the card provides some benefits, such as faster cash-back rewards and enhanced security, since it does not use numbers.Still, it appears that the card will limit most of those benefits to consumers who are already using Apple's iOS ecosystem. For that reason, I would not expect the Apple Card to supplant Visa's dominant position. However, Apple Card could take market share from Visa, negatively impacting the Visa stock price. Concluding Thoughts on Visa StockAlthough Visa will more than likely post higher-than-expected earnings and revenue, emerging competitive threats could create doubts about Visa stock.Meanwhile, the valuations of Visa stock have begun to climb above their long-term averages. Also, Visa's rising fees have started to prompt merchants to push their customers to other cards. Furthermore, the Apple Card will give consumers another reason to avoid Visa.Despite the new threats, Visa stock should continue to benefit from double-digit profit growth. However, retailers and customers will take advantage of the lower fees of Visa's peers. Also, traders can invest in a credit-card network at a much lower multiple by buying AXP stock.As a result, the driving force of Visa stock could be the rising threats of better alternatives for multiple players. That does not mean investors should sell Visa stock. But investors still need to account for those dangers when they're considering buying V stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Going Into Earnings, Is Visa Stock Everywhere You Want It to Be? appeared first on InvestorPlace.
HOUSTON, April 17, 2019 /PRNewswire/ -- The Kroger Co. (KR), America's largest grocery retailer, and Nuro, the robotics company transforming local commerce, have launched their autonomous grocery delivery service in Houston, starting with the South Post Oak store and followed by the Buffalo Speedway store later this spring. Houston is the second market for Kroger and Nuro's delivery service, and the first public use of Nuro's self-driving fleet in the city.
After announcing the program last month, Kroger and Nuro have debuted their driverless car delivery in Houston.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kroger (KR) have what it takes? Let's find out.
IBM Food Trust Network service, which utilizes blockchain technology, will be deployed by Albertsons Companies to enhance food traceability.
The U.S. Food and Drug Administration said on Friday it has sent letters to Walmart Inc, Kroger Co and 10 other convenience store chains for selling tobacco products to minors. In the letters, dated April ...
Amazon's (AMZN) acquisition of Canvas Technology is likely to bolster its robotics capabilities to face off intensifying competition in retail space.
Costco Sustained Its Momentum, Comps Rose 5.7% in March(Continued from Prior Part)What could limit the upside in Costco stock?Costco (COST) shares are trading at a forward PE ratio of 30.2x, which seems high given the projected EPS growth of ~7% in
Frito-Lay Inc. has delayed the construction of its planned $130 million, high-tech fulfillment center in Osceola County, but "remains committed to the project." The Plano, Texas-based snack food subsidiary of PepsiCo (Nasdaq: PEP) last summer announced plans to build the 286,000-square-foot, high-tech service center on 75 acres across from the Poinciana SunRail station and bring 200-plus jobs. “As we don’t have final timing on the construction timeline and site start-up, it would be premature to comment on the project timeline," Frito-Lay executives said in a written statement. "Frito-Lay remains committed to the project in Osceola County, and the legal title to the property is planned to be transferred to Frito-Lay in the coming weeks.
Costco Sustained Its Momentum, Comps Rose 5.7% in MarchMarch comps Costco (COST) continues to report an industry-leading comparable sales growth rate. However, the deceleration in the sales growth rate and high valuation annoyed investors. On April
Kroger is moving forward with its plans to open a $55 million distribution center just south of Dayton.