|Bid||22.51 x 3200|
|Ask||22.71 x 4000|
|Day's Range||22.17 - 22.78|
|52 Week Range||20.70 - 32.74|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||9.97|
|Earnings Date||Sep 11, 2019 - Sep 16, 2019|
|Forward Dividend & Yield||0.64 (2.88%)|
|1y Target Est||26.22|
Kroger Co. put aggressive promotions in place in one of its key markets to cut prices last quarter, narrowing the premium it charges over Walmart. But one analyst still has concerns.
(Bloomberg Opinion) -- A day after a stock market rout driven by recession fears, Walmart Inc. issued a second-quarter earnings report that should provide at least a sliver of solace: Consumers have been out in force spending at its big-box stores.The mega-retailer reported on Thursday that U.S. comparable sales rose 2.8% from a year earlier in the quarter. That growth looks especially robust when considering it comes on top of a 4.5% increase in the same period last year, which was Walmart’s best quarterly comparable sales growth in more than a decade.Also, despite the looming burden of new tariffs on goods made in China, Walmart has only grown more optimistic about how its 2019 will shape up. The company bumped up its full-year guidance, saying operating income could range from a slight decline to a slight increase, a better result than the “low single digit” decline it had previously forecast. It also expects its U.S. comparable sales growth for the full year to be closer to the upper end of its previous 2.5% to 3% guidance. Many facets of Walmart’s business helped fuel growth in the quarter. Its online shopping division held up well, with sales growing 37% from a year ago. Its grocery category, which accounts for more than half of U.S. sales, recorded a “mid-single-digit” comparable sales increase, while its home and toy businesses contributed strong results.Overall, the report demonstrates that Walmart continues to execute solidly on its efforts to defend itself against Amazon.com Inc.’s incursions. The upbeat showing should not just be received as good news by Walmart investors. It should be a balm for any investor looking for evidence that consumers — at least for now — are plenty willing to spend when given an in-store and digital experience that makes it convenient and enjoyable to do so. Walmart’s report is a reminder that investors should resist being too spooked about the state of the consumer based on, for example, the grisly comparable sales decline reported by J.C. Penney Co. Thursday morning or the disappointing quarterly report from Macy’s Inc. a day earlier. Even Macy’s CEO Jeff Gennette acknowledged on a Wednesday conference call with investors that “consumer spending remains healthy” and there is “strong consumer demand for high-quality, affordable fashion.” Macy’s just failed to get a piece of it.Of course, to put Walmart’s sunnier guidance in context, it’s true the company is uniquely well-positioned to handle gathering trade-related economic storm clouds. As America’s largest retailer, it is in a better stance to negotiate for favorable terms with suppliers than just about anyone else. That means that even if Walmart does have to push up prices, shopping there will still look like a good deal relative to its peers. Plus, in a recession, some shoppers are likely to turn to Walmart to pinch pennies. This kind of consumer behavior helped Walmart hold its own in the last economic downturn.Walmart has plenty of potential stumbling blocks in front of it. Grocery has been a bulwark of its digital growth strategy, and Amazon appears to be expanding its ambitions in that area, with rapid expansion of grocery delivery from Whole Foods and reported plans to build an entirely new chain. Kroger Co., meanwhile, is set to turbocharge its digital offering through its partnership with Ocado Group Plc. Walmart’s long run of consistently healthy results, though, offer reason to give it the benefit of the doubt in that fight.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Among marijuana stocks, very few have achieved profitability. But sooner or later, every company needs to reach that milestone.That sounds obvious, like "Business 101." In fact, it's one of the most basic requirements for a stock to trade on the "Big Board," the New York Stock Exchange (NYSE)… and also for the Nasdaq, for that matter.And yet, in the cannabis industry, Charlotte's Web (OTCMKTS:CWBHF) is one of the few that can deliver positive earnings! That's just one reason I want to put it on your radar today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCharlotte's Web was one of the original hemp-cannabidiol (CBD) companies, and perhaps the biggest success story of Colorado's legal cannabis boom. * 10 Stocks Under $5 to Buy for Fall CWBHF is also my pick for InvestorPlace's Best Stocks for 2019 contest - but really, it's among the top marijuana stocks for the next three years, at least, and here's why:With news Wednesday that the company's Q2 revenue rang in at $25 million, Charlotte's Web is expecting to post sales of $120-$170 million for the year. (At the midpoint, that puts the stock at a very attractive price-to-sales ratio of just 6X). But next year, analysts are expecting sales of $348 million… and $444 million the year after that.If that sounds lofty, keep in mind that Charlotte's Web CBD will soon be in twice as many stores as it was last year. From a niche product that was mainly found in health stores, you can now buy it at "big box" stores like CVS Health (NYSE:CVS) and, now, Kroger (NYSE:KR).The deal with Kroger, announced on July 31, is big; it adds 1,350 stores (in 22 states) to Charlotte's Web's retail network. The total number of retail locations carrying the company's products stood at 7,817 at the end of the quarter, up 1,926.Demand for hemp-CBD and this particular brand is booming, and to keep up, Charlotte's Web just expanded into the prestigious Colorado Technology Center, strategically located between the cities of Boulder and Denver.With the new location, Charlotte's Web will quadruple its footprint. After all, to make hemp-CBD, you've got to process a lot of hemp. And while operations will begin "early next year," the growth opportunity there will be just beginning.The Colorado Tech Center is better known for its tech startups, and Charlotte's Web is bringing some of that same energy to this expansion. Rather than resorting to CBD extraction techniques that are "decades old," their ambition is to use state-of-the-art technology to maintain what's always been the company's edge: "the highest-quality products."Here's another significant edge: reputation. The truth about the CBD market is that there are a lot of bad players - and those other guys will soon be removed by the coming wave of federal regulation. As I always say in Investment Opportunities, marijuana stocks are one group that needs regulators. And as a legitimate leader of the industry, Charlotte's Web will be the beneficiary.That's the context of the company's eye-catching earnings-per-share (EPS) projections. Already leading the pack with $0.27 per share expected this year, that should increase to $0.74 next year and $1.06 in 2021.The stock is up 65% since I picked it for the Best Stocks contest, even after it stumbled on Wednesday's quarterly report. But given these projections, CWBHF is still a steal as it trades around $20 on the over-the-counter (OTC) markets.As for the major stock exchanges - which open up a whole new world to companies like this - Charlotte's Web is on the right track to meet the NYSE and Nasdaq's earnings requirements for the long term. And I always believe in investing in a great stock early - BEFORE it makes that jump. Marijuana Stocks: Another "Jumper" Stock You Won't Want to MissGiven that it's fully legalized on its federal level, Canada is always a popular place to look for marijuana stocks, too. And one of my picks there just announced that it will "jump" to the Toronto Stock Exchange. (Charlotte's Web did, too, for that matter.)When a company moves to the big leagues, it opens up lots of doors for financing, offerings, and big institutional money. It's like the market's "seal of approval": an elite status with long-term benefits to the share price.In the next six to 12 months, I expect this particular Canadian stock to announce a second uplisting - to a U.S. exchange. That would be even more significant.Business wise, I'd put its extraction operation up against anyone's. At Investment Opportunities, you can get all the details on this and other up-and-coming cannabis stocks in the legalization mega-trend. Timing is EverythingEarly stage investing can be exciting… but also tricky.When a new industry booms - when billions of dollars are up for grabs - you can be sure all kinds of people will rush into the sector and try to get their share.Some of the companies will have smart, hardworking people running the show… great people to invest with. But, let me tell you, some of these folks aren't the kind of people you'd ever want to invite over for dinner… let alone do business with.That's a fact of life in any industry. But this challenge is magnified in a new industry with massive potential - like the legal marijuana industry.This is why it is critical to have a system… a framework for evaluating legal marijuana stocks.A path to profitability is certainly one of the things I look for here. But there's a little more to it than that!So, I created a 5-Factor Analytical Model for evaluating newly public legal marijuana companies to as part of my Cannabis Cash Calendar.I've put my model to the test in recent weeks to uncover my next Cannabis Cash Calendar recommendation… which I just released on Tuesday to my Investment Opportunities readers. But there is still time for you to get in on it, too, as it's still under my buy price!The opportunity in legal weed is much like the opportunity internet stocks offered in 1994… or that bitcoin offered in 2015. It is set to grow so much over the next 10 years that it will turn out to be one of the three biggest investment opportunities of your entire life - no matter when you were born.Click here to learn more and find out how you can get immediate access to my new recommendation.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Marijuana Stocks: Catch the Next Hot Pot Stock Before It 'Jumps' appeared first on InvestorPlace.
Cincinnati stocks got slammed as the stock market plummeted Wednesday to its fourth-biggest one-day decline of all time.
Recyclable K-Cups are on the way and it won't even take that long for them to get here.Source: Shutterstock Bob Gamgort, the CEO of Keurig Dr Pepper (NYSE:KDP), says as much during an interview with Jim Cramer. According to the CEO, the company is planning to have the recyclable K-Cups in use across the U.S. by the end of 2020.Gamgort notes that the plan is for the company to reduce its environmental footprint with the switch over to the recyclable K-Cups. He also points out that the company is already using these K-Cups in all of Canada and parts of the U.S, reports CNBC.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe desire for Keurig Dr Pepper to become more environmentally friendly comes as consumers call for less products that are non-recyclable. This is a trend that has been going on for years and large corporations are taking notice.While recyclable K-Cups are one way to reduce plastic buildup, other companies are looking are more common items. This includes Kroger (NYSE:KR) promising to no longer use one-time plastic bags by 2025.Another push against plastic came from SeaWorld (NYSE:SEAS) last year. The company no longer allows plastic bags or plastic straws at any of its amusement parks. Amazon's (NASDAQ:AMZN) Whole Foods also doesn't use plastic straws in its stores. * 7 Safe Dividend Stocks for Investors to Buy Right Now The push to ban plastic goes back even further than just the last couple of years. California was one of the first to take a stance against the material back in 2014 when it passed a law than bans plastic bags. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Keurig Dr Pepper CEO: Recyclable K-Cups Coming in 2020 appeared first on InvestorPlace.
LOS ANGELES, Aug. 12, 2019 /PRNewswire/ -- Ralphs, a subsidiary of The Kroger Co. (NYSE: KR), today announced the installation of a photovoltaic solar power array at its automated distribution center in Paramount, Calif., a 555,000-square-foot building that provides products to 190 Ralphs stores and 95 Food 4 Less stores throughout Southern California.
Company Releases 2019 Environmental, Social and Governance Report, Outlining Zero Hunger | Zero Waste & 2020 Sustainability Goals Progress CINCINNATI , Aug. 12, 2019 /PRNewswire/ -- The Kroger Co. (NYSE: ...
Readers hoping to buy The Kroger Co. (NYSE:KR) for its dividend will need to make their move shortly, as the stock is...
Over the last year Walmart (NYSE:WMT) has done better for investors than Amazon (NASDAQ:AMZN).Source: Shutterstock Walmart shares are up over 20% and sport a dividend of 53 cents, currently better than what you get on a 10-year government bond. Amazon is down 5% and has no dividend.Thanks to 2018's heavy investments in technology, investors are now paying almost 38 times last year's earnings for Walmart, which next reports August 15. Amazon sells for 75 times earnings, but it's growing 20% per year, while Walmart is growing at 3% per year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Cheap Stocks to Buy Now That the Fed Cut Rates Analysts expect Walmart to earn $1.21 per share on revenue of $130.5 billion and are hoping for $1.25. Keep that up and it has a price to earnings ratio of 21.6, better but still high for a retailer.Why does everyone love Walmart stock? WMT Stock Beating Amazon?For many investors, Walmart represents safety. The company delivers slow, steady growth. Walmart is a bet on the American consumer. Its sales are over $515 billion, its market cap $319 billion.Investors believe consumers will accept the cost of China tariffs and keep buying at Walmart. Walmart represents almost 10% of the entire U.S. retail market. How people buy may change, but analysts believe Walmart is staying on top of the changes. It's experimenting with mini-stores that are just online pickup windows. E-commerce sales up 37% year-over-year. Walmart is even seeking a cryptocurrency patent.Never mind that online sales are mostly cannibalizing in-store revenue, or that revenue is still growing at that steady 3%, or that Walmart continues to lose money in e-commerce. Walmart isn't beating Amazon, but there's truthiness in the idea that it is.Analysts feel it's true, that it's at least competitive. Walmart insists it's growing in e-commerce, but it massages that message carefully for analysts, so investors buy it.The assumption is that, in a rapidly changing retail environment, Walmart is on top of things. But is it? The Gun ProblemWalmart is America, as much as Starbucks (NASDAQ:SBUX), Coca-Cola (NYSE:KO) or Apple (NASDAQ:AAPL) are America. Is America on top of things?Walmart is America's downtown. It faces all the urban problems other downtowns face. This includes the problem of violence.The shooting at an El Paso store that killed 22, while especially horrific, was not as aberrant as it seemed. Two people were shot to death at a Mississippi Walmart just a week before. A man was shot to death in a Walmart parking lot in California on August 7. That same day, a man threatened to shoot up a Walmart in Alabama. This was two days after another man threatened to open fire at a store in Florida.Walmart stopped selling assault-type rifles in 2015, but some employees now want it to stop selling guns entirely. Walmart, like it or not, has been moved to the center of national debate. Another Way for WMT StockThere are other ways to get Walmart's results in your portfolio without Walmart's risks.One way is with Kroger (NYSE:KR). I've written about them before. Kroger had sales of $121 billion in 2018, but its market cap is just $19.5 billion. Kroger's 16 cent per share dividend represents a yield of 2.88%. Last year's earnings were five times higher than that dividend.Kroger gets no respect because it's not just one thing. Kroger has 17 names on its stores, so its moves to make money with online sales don't get much attention.None of this is to say you should do what I have done and buy Kroger. It's just that Walmart stock is not the only way to play retail growth.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN, AAPL and KR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post WMT Stock: A Hamburger Priced Like Steak appeared first on InvestorPlace.
New businesses will continue to "Sprout" up at a Triad shopping center rejuvenated, at least in part, by the addition of a unique grocery store.
Walmart (WMT) looks strong heading into the release of its Q2 fiscal 2020 financial results that are due out before the opening bell on Thursday, August 15.
Charlotte’s Web Holdings’ Kroger deal ignited the stock last week. The stock saw an upwards price action of almost 42%. The stock has risen 86% this year.
Heavenly Rx CEO Paul Norman says his company will go beyond tinctures and vapes and expand into food and beverages.
Business Journal Managing Editor Rob Johnson recaps the week in Seattle business news, including the Capital One hack, on-demand flights around the city and much more. Catch up on all the Seattle-area business news you may have missed.
New York Gov. Andrew Cuomo signed a bill to decriminalize cannabis use and expunge all criminal penalties for possession of 2 ounces or less of marijuana. Fox’s Jeanine Pirro joined the board of directors of SOL Global Investments Corp (OTC: SOLCF) subsidiary HeavenlyRx; and top aides of the new UK Prime Minister Boris Johnson reportedly could hold the key to legalization in the country. On the markets front, Aphria Inc (NYSE: APHA) took the stage as the stock spiked 30% following a favorable earnings report, including the first ever profitable quarter reported by any Canadian cannabis company.