24.15 +0.03 (0.12%)
After hours: 4:51PM EDT
|Bid||24.12 x 300|
|Ask||24.15 x 100|
|Day's Range||23.99 - 25.42|
|52 Week Range||19.69 - 31.45|
|PE Ratio (TTM)||11.54|
|Earnings Date||Jun 13, 2018 - Jun 18, 2018|
|Forward Dividend & Yield||0.50 (2.10%)|
|1y Target Est||27.40|
Since the Amazon acquisition, while Whole Foods customers enjoy the discounts, vendors, especially local food makers, feel the headwind.
Supervalu (SVU) is slated to report its 4Q18 results on April 24. It’s likely to post a 14% YoY (year-over-year) decline in earnings per share (or EPS). The company’s gross margin is likely to contract further, by ~280 basis points to 12.1% in 4Q18.
Supervalu’s (SVU) total sales are projected to increase 35% YoY (year-over-year) to $3.92 billion during 4Q18, according to Wall Street. As in the first three quarters of the year, growth is likely to be driven by the company’s acquisitions in the wholesale segment. This segment recorded 38.4% growth in business in 9M18, largely driven by the integration with Unified Grocers, which the company acquired last year.
Kroger Co. said Friday that it has approved a new $1.2 billion share buyback program, in addition to the $1 billion program announced March 15. The grocery giant will use the proceeds from the sale of its convenience store business to EG Group. The sale includes 762 convenience stores including 66 franchise operations across 18 states with 11,000 workers.
CINCINNATI, April 20, 2018 /PRNewswire/ -- The Kroger Co. (KR) today announced it has completed the sale of its convenience store business unit to EG Group for $2.15 billion. After tax proceeds total $1.7 billion. $1.2 billion of the proceeds will be used to fund an accelerated share repurchase ("ASR") program.
LOS ANGELES, April 19, 2018 /PRNewswire/ -- Ralphs Grocery Company has joined in the effort to help the communities its stores serve combat the opioid epidemic. Ralphs currently stocks naloxone, an opioid overdose-reversing drug, in its 79 in-store pharmacies in Southern California. All Ralphs Pharmacies dispense naloxone without the need for a prescription – making it easier for families, friends, caregivers and those at-risk individuals to have the drug on hand if needed to save a life.
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, ...
A key measure of Kroger Co.’s profits fell notably last year in what could be a significant concern if it becomes an ongoing trend.
LONDON, UK / ACCESSWIRE / April 18, 2018 / Active-Investors.com has just released a free earnings report on The Kroger Co. (NYSE: KR). Kroger reported its fourth quarter and fiscal 2017 operating and financial results on March 07, 2018.
Amazon (AMZN) increased Prime program membership fee for monthly subscribers in January, and the upcoming 1Q18 report is expected to reflect the effects of the fee hike. Prime membership comes with numerous benefits, such as free delivery of items purchased on Amazon’s online retail site as well as grocery purchases from Whole Foods Market. Amazon acquired Whole Foods for $13.7 billion last year to bolster its position in the grocery sector, which is largely held by traditional retailers such as Walmart (WMT) and Kroger (KR).
NEW YORK, April 17, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...