DEG: Delhaize Group Instablogs

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Monday, April 22, 8:56 AM Preliminary Q1 results from Delhaize Group (DEG) send the shares up 9% premarket. The Belgian food retailer says revenues for Q1 rose 2.1% and U.S. comps growth came in at 1.9%. Operating margins and EBITDA rose 0.4% Y/Y and 7.1% Y/Y respectively. The company sees operating profits of $1.01B for the full year. Comment! [Consumer, On the Move]
Thursday, January 17, 7:22 AM Delhaize (DEG) says higher volume at its Food Lion and Hannaford chains helped push up Q4 U.S. sales by 1.9%, ending a streak of four straight monsth of falling sales in the U.S. Overall, Delhaize's grew sales by 2.3% to £5.76 ($7.57B) during the quarter. Comment! [Consumer, Global & FX, Earnings]
Thursday, January 10, 9:45 AM Select grocery store operators get a lift after Supervalu's deal with Cerberus raises the profile on the sector. SWY +1.2%, KR +1.2%, DEG +3.1%. Comment! [Consumer, On the Move]
Tuesday, October 9, 2012, 2:15 PM Shares of Supervalu (SVU -7.7%) trade lower in what could be a reaction to chatter that Wal-Mart (WMT) will unveil more details about a plan to expand its small stores concept at an investor meeting tomorrow. Although Wal-Mart's ambitions for mini-stores in large metropolitan areas appears to be only small in scope at the moment, it could still be of concern to grocery stores in the future. Watching the trend: KR, SWY, WFM, DEG. Comment! [Consumer, On the Move]
Thursday, July 12, 2012, 9:58 AM It's not a 2-for-1 split, Supervalu (SVU) actually trades 47% lower after bombing with its earnings report. Sell-side analysts are taking a beating in the Twittersphere after the retailer's free cash flow yield and M&A potential stoked positive comments over the last few months, while (as expected) collateral damage in the sector is playing out. SWY -9.0%, KR -3.3%, WFM -1.2%, DEG -2.7%, HTSI -1.6%. Comment! [Consumer, On the Move]
Thursday, March 8, 2012, 7:11 AM Delhaize (DEG) says it will accelerate a revamp of its supermarket stores in the U.S. and Belgium to boost competitiveness after seeing profit tail off 48% in Q4. As part of its restructuring, 146 underperforming stores will be closed. Shares are down 6.1% in Belgium, -5.5% premarket U.S. Comment! [Global & FX, U.S. Economy]
Thursday, January 12, 2012, 7:17 AM Delhaize (DEG) plans to cut 5K jobs and close more stores in the U.S. and Europe in moves that it says will shave 2.4% off of revenue this year. The grocery store operator expects to take a €120M ($152M) charge in Q4 related to the store closing on the U.S. side of the pond. Shares off 7.4% in Brussels trading, down 8.6% premarket in U.S. Comment! [Global & FX, On the Move]
Friday, January 6, 2012, 9:18 AM Shares of Delhaize (DEG) push 4.2% higher premarket, as analysts see the Belgiim-based supermarket operator as a possible beneficiary of an increase in employment in the U.S. Comment! [On the Move]
Monday, June 27, 2011, 9:03 AM JPMorgan downgrades Delhaize (DEG), saying pricing pressures, remodeling costs for Food Lion, and structural challenges stemming from a weak demographic are going to weigh down margins over the next 18 months. Shares -3.30% premarket. Comment! [Global & FX, Consumer]
Friday, August 13, 2010, 9:00 AM Premarket gainers: UNCA +118%. DYN +62%. ALY +61%. VECO +7%. NVDA +4%.
Losers: PDLI -15%. DEG -9%. JWN -5%. LLY -4%. AIB -4%. Comment!

DEG Delhaize Group

DEG

Delhaize Group