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Apr. 30, 2015, 8:04 AM
- A detailed scan of pricing in Denver by Brand View indicated Wal-Mart is consistently selling at prices below those of Kroger (NYSE:KR) on the same basket of items.
- On a national level, Kroger has held up in markets where Wal-Mart has competed against it in close proximity.
- During a strategic update to investors earlier this month, execs with Wal-Mart made it perfectly clear that pricing was a top priority.
- Analysts have had a mixed reaction to the aggressive position from Bentonville on pricing.
- Wal-Mart strategic update transcript
Apr. 27, 2015, 11:23 AM
- Kroger (KR -0.3%) announces it will replace a joint venture with data miner dunnhumbyUSA with a new long-term license and service agreement.
- The company will also acquire assets from dunnhumbyUSA and put them in a new business called 84.51°.
- The creation of 84.51° will allow Kroger to utilize data tools from other companies in addition to dunnhumbyUSA
Apr. 22, 2015, 3:10 PM
- Convenience stores saw a 0.1% increase in same-store tobacco sales last year after a strong Q4.
- The mark ended a multi-year streak of declining tobacco sales.
- The tobacco category makes up the highest percentage of in-store spending at convenience stores.
- Lower gas prices are believed by some analysts to have boosted consumer demand, while the exit of CVS Health from the category may have also played a small factor.
- Kwik Check Food Stores CEO Kevin Smartt says "flat is the new up" for tobacco growth, but warns on margin pressure.
- Convenience store chain owners: KR, CASY, PTRY, OTCPK:ANCUF, CST, MUSA
Apr. 7, 2015, 10:51 AM
- Kroger (KR -0.1%) opened its 8th Marketplace store in North Texas as it keeps up a strategy of picking limited spots across the U.S. to launch the large-format store concept.
- Though executives with the company have been relatively quiet about how many Kroger Marketplace stores they plan to open, and results from the big-box stores aren't broken off in earnings reports, it appears as if Kroger isn't suffering from the big box blues.
- Shares of Kroger are up 74% over the last 52 weeks vs. Wal-Mart at 4.7%.
Mar. 24, 2015, 9:35 AM
- Fresh & Easy is closing stores in advance of launching a fresh-food convenience store chain.
- 30 stores in California by F&E will be shuttered as part of the initiative.
- Though details on the new C-store venture are scant, Apple store designer ADMI is reportedly working on the project.
- Fresh & Easy is owned by P-E firm Yucaipa which bought the chain from Tesco after it bled money under the direction of the British retail giant.
- Fresh & Easy has rebranded some stores in the U.S. under the Wild Oats banner and has been mentioned as an IPO candidate.
- The success of the new C-store fresh food chain will be closely watched by a large number of retail and grocery companies which could partner, mimic, or ignore the concept.
- Sprouts Farmers Market (NASDAQ:SFM), Whole Foods Market (NASDAQ:WFM), Kroger (NYSE:KR), The Fresh Market (NASDAQ:TFM), Natural Grocers by Vitamin Cottage (NYSE:NGVC), and Fairway Group (NASDAQ:FWM) all have some skin in the game.
- There's also Target (NYSE:TGT), Wal-Mart (NYSE:WMT), and Costco (NASDAQ:COST) which are stressing both "fresh" and "easy" with their grocery strategy.
- AmazonFresh (NASDAQ:AMZN) and Instacart are also looking to captivate fresh food buyers with their models.
Mar. 20, 2015, 1:40 PM| Mar. 20, 2015, 1:40 PM | 1 Comment
Mar. 19, 2015, 7:44 AM
- Deutsche Bank raises its price target on Buy-rated Kroger (NYSE:KR) to $90.
- The PT appears to be a Street high.
- The investment firm sees another leg of growth for Kroger after shares already ran out a 72% 52-week gain.
- Kroger's performance has been a dazzler in light of new competition in the grocery sector.
- Previously: All-time high for Kroger after powerhouse quarter (Mar. 05 2015)
Mar. 12, 2015, 12:01 PM
- Kroger (NYSE:KR) declares $0.185/share quarterly dividend, in line with previous.
- Forward yield 0.98%
- Payable June 1; for shareholders of record May 15; ex-div May 13.
Mar. 11, 2015, 11:22 AM
- Last Thursday evening's stress test results were just the warm-up act for the CCAR decisions due today at 4:30 ET. While all 31 banks subjected to the extra scrutiny of the stress test passed, it doesn't mean the Fed will approve their capital return plans, and while some - Goldman Sachs, Zions, and Morgan Stanley - barely squeaked by, it doesn't mean the Fed won't approve their buyback and dividend proposals.
- After the CCAR results are released, expect most of the group of 31 to announce their capital return plans.
- For foreign lenders with U.S. units - Deutsche Bank and Santander come to mind - the Fed only has a say into what the subsidiary sends back to the parent, not what the parent ultimately returns to shareholders.
- XLF +0.6%, KBE +0.45%, KR +0.4%.
- ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, IAT, IAI, SEF, IYG, FXO, FNCL, KBWB, QABA, FINU, KCE, KRU, RWW, KBWR, RYF, KBWC, FINZ, KRS
- Previously: Stress test roundup: How the lenders stack up vs. last year (March 5)
Mar. 6, 2015, 8:03 AM
- A light bulb has gone off with some large retail chains such as Wal-Mart (NYSE:WMT) and TJX Companies (NYSE:TJX) which have hiked low-level wages in order to improve employee retention rates.
- The math as compiled by Bloomberg is pretty compelling: The average retail sales worker makes $21,140 a year, while it costs $3,400 in training costs to replace them. At a high turnover rate it becomes more economical to lift wages.
- The development is interesting to economists pondering the future impact of Wal-Mart's (10% of all retail sales in the U.S.) new wage structure on U.S. unemployment rates.
- Related stocks: YUM, MCD, KR, TGT, SHLD, HD, WBA, LOW, GPS, JCP, BLMN.
Mar. 5, 2015, 12:44 PM
- Strong reports from Kroger and Delhaize are helping to provide a lift for the grocery store sector.
- Earlier this week, privately-owned Publix reported comparable-store sales rose 6.4% in Q4.
- Comps are on the rise and margin gains are being squeezed out by operators off of the sales leverage.
- Solid gains for the day on strong volume are being seen up and down the group: Kroger (NYSE:KR) +4.9%, Whole Foods Market (NASDAQ:WFM) +1.6%, Supervalu (NYSE:SVU) +1.5%, Delhaize (NYSE:DEG) +3.7%, The Fresh Market (NASDAQ:TFM) +1.2%, Ingles Markets (NASDAQ:IMKTA) +2.3%, Fairway Group (NASDAQ:FWM) +2.6%, Roundy's (NYSE:RNDY) +14.9%.
Mar. 5, 2015, 12:03 PM
- Kroger (KR +5.2%) jets higher on strong volume after another powerful earnings report.
- The company reported identical-supermarket sales rose by 6% (ex-fuel) during the quarter.
- Key acquisitions Harris Teeter and Vitacost also paid off.
- Kroger sees identical-supermarket sales growth of 3% to 4% next year.
- Victory lap: The death-by-Walmart argument that was thrown around on Kroger a few years ago appears to be soundly defeated.
- Shares of Kroger hit an all-time high of $74.32 earlier today.
- Previously: Kroger beats by $0.14, beats on revenue
Mar. 5, 2015, 9:15 AM
Mar. 5, 2015, 8:42 AM
- Kroger (NYSE:KR): Q4 EPS of $1.04 beats by $0.14.
- Revenue of $25.21B (+8.6% Y/Y) beats by $80M.
- Shares +2.25% PM.
Mar. 4, 2015, 5:30 PM
Feb. 13, 2015, 11:31 AM
- Dennis Ruhl of the JPMorgan Intrepid Value fund sees some potential bargains hatching in the slumping energy sector, and he particularly favors ConocoPhillips (NYSE:COP).
- Ruhl says COP looks better than its energy peers from a momentum standpoint, and likes that the company was one of the first to cut capex in response to the collapse in energy prices and has done so aggressively.
- COP trades at just 1.5x book value vs. the energy sector average of 1.8x and the S&P 500's 2.8x; the stock boasts a 4.3% dividend yield, which Ruhl believes is safe.
- The fund manager's other four favorite value picks are ANTM, NOC, HPQ and KR.
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.
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