Kroger Looks Like A Sell
Weighing Machine • 34 Comments
Weighing Machine • 34 Comments
Kroger: Cleaning Up On Aisle 1 ... And 2, 3, 4 ...
DAG Investments • 19 Comments
DAG Investments • 19 Comments
Nov. 5, 2015, 10:12 AM
- Grocery store stocks Natural Grocers by Vitamin Cottage (NGVC -1.7%), Ingles Markets (IMKTA -1.5%), Roundy's (RNDY -0.9%), Fairway Group (FWM -1.7%), SuperValu (SVU -1.7%), and Village Super Markets (VLGEA -0.8%) all trade below broad market averages following the Whole Foods Market earnings report.
- The Whole Foods conference call may be on the mind of investors with management appearing to give up some ground on pricing and expressing confidence on the new value brand roll-out.
- Even Kroger (KR -0.2%) which has Whole Foods beat at scale and profitability is trading a bit weak. The outlier is Sprouts Farmers Market which is flying off of earnings.
- Previously: Sprouts Farmers Market flies after comps come in strong (Nov. 05 2015)
- Previously: Whole Foods Market and rivals at the crossroads (Nov. 04 2015)
Oct. 20, 2015, 8:38 AM
- The Fresh Market (NASDAQ:TFM) resumes trading after announcing it will start a strategic review.
- Shares are up 2.43% premarket to $27.77 in early trades. Some traders think that The Fresh Market already has a healthy M&A premium baked into share price.
- An interest question on The Fresh Market is what public company might take a look at an acquisition. In the past, Kroger (NYSE:KR) has been thrown out as a grocery store operator that could drive some synergies. SA users may have their own ideas in the comment stream.
- Previously: The Fresh Market halted (Oct. 20 2015)
- Previously: The Fresh Market to conduct strategic review (Oct. 20 2015)
Oct. 2, 2015, 2:11 PM| Oct. 2, 2015, 2:11 PM | 2 Comments
Sep. 20, 2015, 12:53 PM
- Publix is the latest large grocery store chain to step into the home delivery game. The private chain is using Shipt to delivery online orders to a large swath of Atlanta. Shipt offers the same type of delivery service as Peapod, Instacart, Amazon Fresh (NASDAQ:AMZN), and FreshDirect.
- Looking to keep market share, Kroger (NYSE:KR) and SuperValu (NYSE:SVU) have pick-up options for online orders and are dabbling with home delivery.
- Target (NYSE:TGT) has tipped that it would like to "test" grocery delivery in the future and already has a curbside pickup option at some stores. Wal-Mart (NYSE:WMT) is also testing various online grocery programs.
- Though Whole Foods Market (NASDAQ:WFM), Trader Joe's, Sprouts Farmers Market (NASDAQ:SFM), and The Fresh Market (NASDAQ:TFM) still hold an advantage with consumers for fresh produce - analysts note the specialty grocery category is getting crowded. Whole Foods is the company with the most advanced home delivery program (1-hour in some markets) in the group.
- Data dive: Online grocery shopping is estimated to be growing at a 25% to 30% rate. Perhaps an even more important statistic is that 87% of online shoppers use more than one store for their grocery needs in a trend that could pressure pricing.
Sep. 17, 2015, 12:22 PM
- Kroger (NYSE:KR) declares $0.105/share quarterly dividend, in line with previous.
- Forward yield 1.12%
- Payable Dec. 1; for shareholders of record Nov. 13; ex-div Nov. 10.
Sep. 14, 2015, 7:45 PM
- Kroger (NYSE:KR) has named its CIO Chris Hjelm an executive VP and put him in charge of its wholly owned analytics unit, 84.51 Degrees.
- The grocer formed the subsidiary earlier this year after buying out a joint venture from Tesco. Aside from studying consumer buying habits, Kroger sells analytics to suppliers and consumer-goods companies, and sees it as important revenue along with its baseline streams in a thin-margin industry.
- Kroger doesn't break out financials for 84.51 Degrees, but says it's providing richer analysis than third-party companies like Nielsen.
- The company overall posted $108.5B in revenues for fiscal 2014.
Sep. 13, 2015, 2:47 PM
- U.S. gas prices fell sharply over the last three weeks, according to the latest read from Lundberg Survey.
- The average price for a gallon of regular declined 9.8% to $2.4419 for the period ending on September 11.
- Fuel margins are a key earnings factor for a large number of retail chains including CST Brands (NYSE:CST), Murphy USA (NYSE:MUSA), Costco (NASDAQ:COST), Kroger (NYSE:KR), Wal-Mart (NYSE:WMT), and Casey's General Stores (NASDAQ:CASY).
Sep. 11, 2015, 9:19 AM
- Kroger (NYSE:KR) reports revenue rose 5.7% in Q2 before factoring in fuel sales.
- Identical supermarket sales increased 5.3% (ex-fuel).
- FIFO gross margin rate -7 bps to 21.5%.
- Return on invested capital, on a rolling four quarters basis, came in at 14.24%.
- Guidance: Identical supermarket sales growth of 4.0% to 5.0% is anticipated for FY15. The company says it expects FY15 EPS of $1.92-$1.98 vs. $1.90-$1.95 prior and $1.96 consensus.
- Previously: Kroger beats by $0.04, beats on revenue
- KR +6.95% premarket to $37.86.
Sep. 11, 2015, 9:11 AM
Sep. 11, 2015, 8:46 AM
- Kroger (NYSE:KR): Q2 EPS of $0.44 beats by $0.04.
- Revenue of $25.54B (+0.9% Y/Y) beats by $40M.
Sep. 10, 2015, 5:30 PM
Sep. 10, 2015, 9:27 AM
- Kroger (NYSE:KR) doled out executive VP titles to four key execs.
- Mike Donnelly (merchandising), Chris Hjelm (NYSE:CIO), Fred Morganthall (retail ops), and Mike Schlotman (NASDAQ:CFO) were all given the VP nod and assigned extra duties.
- The grocery store chain operator has shown very strong results over the last two years and even on a 5-year scan shares haves crushed Whole Foods Market.
Aug. 28, 2015, 11:10 AM
- There's plenty of precedent for the recent market action, says Morgan Stanley's Adam Parker, noting the market has dropped more than 5% 16 times since March 2009, and each time has moved on to new highs.
- His half-glass view is that the economy is in the middle of its longest expansion ever, and a less-active Fed, a nervous consumer maybe saving more, a lower oil price, and a flattish dollar all argue for continued expansion.
- Morgan's top ideas to buy on the pullback: AGN, AMZN, AAPL, AVGO, BAC, BKU, DAL, GILD, GOOG, GOOGL, HLT, JPM, KR, LEN, LMCK, MGA, MBLY, NWL, QCOM, SABR, CRM, SBAC, SBUX, BX, TMO, VRSK, WWAV, XL.
Aug. 18, 2015, 1:35 PM
- Kroger (KR -0.2%) announces it will create two new supermarket divisions in Texas.
- A Houston division and Dallas division will break off those regions from the Southwest business group.
- Kroger has plans to spend a combined $1.2B in the Dallas-Fort Worth and Houston markets over the next three years.
Jul. 22, 2015, 9:05 AM
Jun. 30, 2015, 2:44 PM
- Kroger (KR +0.1%) announces COO Mike Ellis will retire from the company.
- Ellis spent 40 years at the grocery store chain and has been the COO for the last 18 months.
- A replacement will be named at a later date.
The Kroger Co. operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. It also manufactures and processes some of the food for sale in its supermarkets. The Combination Food and Drug Stores are the primary food store... More
Industry: Grocery Stores
Country: United States
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