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KR

Kroger Co.

6/18/2013, 7:26 PM ET

Quote & Headlines Market Currents StockTalk

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Thursday, June 13, 8:43 AM More on May Retail Sales: As expected the late start to the spring season helped boost the building material & garden equipment category (HD, LOW, SHLD, WMT) as sales improved 0.9% M/M and 10.1% Y/Y. Grocery store sales (KR, SVU, SWY, WFM) were solid during the month, while department store sales (KSS, DDS, JCP, M, JWN) came in a touch light. Comment! [Consumer, U.S. Economy]
Wednesday, June 12, 4:58 PM Kroger (KR) +1.8% AH and Supervalu (SVU) +4.5% after Safeway announces it's selling its Canadian ops for C$5.8B ($5.7B), and suggests "the higher multiples attributed to Canadian supermarket companies" were a factor behind its decision. Comment! [Consumer, On the Move]
Thursday, June 6, 10:13 AM The headaches continue for the grocery store sector (SVU, KR, SWY, RNDY, HTSI) as Amazon and Wal-Mart (WMT +0.4%) circle around like hungry vultures. Though both companies are only in the early stages (AmazonFresh, Neighborhoods Market) of their grocery initiatives, analysts think their considerable distribution prowess makes them a long-term threat. Reuters' Jessica Wohl has the factoid of the day: "A Walmart grocery distribution center can house up to 4 million bananas at one time." 5 Comments [Consumer]
Tuesday, June 4, 2:38 PM Amazon (AMZN -1%) roundup: 1) Amazon is set to expand its AmazonFresh grocery delivery business, in trial mode in Seattle for 5 years, to Los Angeles "as early as this week" and San Francisco later this year, Reuters reports. An industry consultant claims Amazon, long expected to expand its grocery ops to areas where sales tax is no longer a concern, is targeting up to 40 markets. Grocery chains (SWY, KR, SVU, WFM, TFM) can't be thrilled, particularly given Amazon's pricing history. 2) eMarketer estimates Amazon generated $610M in ad sales last year, and will produce $835M this year. A targeted ad network could fuel additional growth for the business, increasingly seen as a threat to Google (GOOG). 3 Comments [Tech, Consumer]
Thursday, May 30, 8:00 AM A new report from Rabobank concludes consumers are trading down when buying groceries or moving up to the premium sector as they slowly abandon the mid-market. It's a trend which could benefit both Wal-Mart (WMT) and Whole Foods Market (WFM) as they continue to chip away at sales at traditional grocery chains (KR, SWY, SVU, RNDY, HTSI) from different directions. 3 Comments [Consumer]
Tuesday, May 21, 8:40 AM A trend to watch: The grocery market in the U.K. is becoming increasingly polarized as both high-end specialty grocers and discounters pick up market share while national grocery store chains suffer. Is the same pattern unfolding in the U.S.? The Q1 read is that Wal-Mart (WMT) continues to gobble up grocery market share at the expense of Kroger (KR), Supervalu (SVU) and Safeway (SWY) while natural/organic chains (WFM, TFM, NGVC) remain a growth story. Comment! [Consumer]
Thursday, May 16, 10:08 AM Grocery sales in focus: Retail analysts note something doesn't add up with Wal-Mart's (WMT -2.6%) claim per Nielsen data that it's "winning" market share for its grocery business despite the retailer's overall sales slip. On a rough comparison, the company's grocery store sales are growing level with Safeway (SWY +0.2%) - but still trail the pace of Whole Foods Market (WFM -0.1%) and Kroger (KR) by quite a lot. Is Wal-Mart's grocery share gain at the expense of the dollar store group (DG, DLTR, FDO)? 6 Comments [Consumer]
Monday, May 13, 9:11 AM More on retail sales: Building material and garden equipment sales (HD, LOW) were again, up 1.5% M/M and 4.1% Y/Y, while department store sales (SHLD, KSS, M, JWN, JCP) trailed expectations. Grocery store sales (KR, SVU, SWY) slipped during April compared to March but were 2% than a year ago on pricing gains. 1 Comment [U.S. Economy, Consumer]
Friday, April 26, 8:59 AM Online grocery sales increased 8% last year as the industry gains acceptance in metropolitan areas and is pegged to see sales grow to as much as $9.4B by 2017. The trend is far from favorable for brick-and-mortar grocery stores (KR, SVU, SWY) still reeling from increased competition from dollar stores and Wal-Mart. What to watch: As delivery services such as Peapod and Fresh Direct expand, will Whole Foods Market (WFM) stand pat? Comment! [Consumer]
Thursday, April 25, 12:59 PM Grocery store stocks suffer after Safeway's Q1 report indicates a weakening sales and volume trend into the end of the quarter. The lackluster quarter adds weight to the opinion that the dollar store group (DG, DLTR, FDO) and Wal-Mart are taking more grocery market share. Decliners: SWY -16.8%, WFM -1.0%, TFM -1%, SVY -2.5%, NGVC -2.0%, KR -2.0%, WMK -1.3%, HTSI -1.4%, FWM -1.3%. 7 Comments [Consumer, On the Move]
Tuesday, April 16, 1:15 PM Private label brand breakthrough: A survey released by Deloitte on brand loyalty could rattle the food and grocery sectors as a whopping 94% of consumers indicate they will stick with private-label or store brands instead of reverting back to costlier options. Industry insiders think even if the economy comes roaring back, a paradigm shift of consumer attitudes toward food purchases may already be entrenched. The trend could favor Treehouse Foods (THS), Safeway (SWY), Kroger (KR), Costco (COST), Whole Foods Market (WFM) - while creating a headache for Kellogg (K), Post Holdings (POST), Campbell Soup (CPB), Kraft Foods (KRFT), and General Mills (GIS). 10 Comments [Consumer]
Tuesday, April 9, 8:35 AM The race to provide charging stations for electric vehicles heats up on the West Coast after Kroger (KR) joins Walgreen (WAG), Whole Foods (WFM), and IKEA to provide customers parking lot charging stations. What to watch: Retailers continue to slowly edge into the field in an effort not to get left behind, but until a major restaurant chain (say McDonald's (MCD)?) jumps in with a partnership to offer a national network of charging stations along major interstates the phenomenon will remain a primarily limited to affluent urban areas. 26 Comments [Consumer]
Monday, April 8, 8:20 AM ECOtality (ECTY) and Kroger (KR) announce that they will expand an existing partnership. The plan includes implementing 200 level 2 charging stations and 25 DC Fast Chargers at Kroger outlets. 3 Comments [Consumer]
Wednesday, March 13, 9:54 AM Dollar stores (DG, DLTR, FDO) are sitting in the sweet spot for retail, according to analyst Kristin Bentz. Though the stores were once a destination for shopping "treasure hunts," a trend of consumers using the outlets as de facto grocery stores for basics and consumables is firming up. Wal-Mart (WMT +0.5%) may get a piece of the action with a plan to increase its footprint of small-format stores, while grocery stores could suffer a loss of market share (KR, SWY, SVU). (full report .pdf) 2 Comments [Consumer]
Tuesday, March 12, 2:30 PM Grocery store operator Fairway Group expects to launch its IPO next month, according to sources. Though the value of the deal is expected to be on the small side, it will be of keen interest to the supermarket group (SWY, SVU, KR, TFM, HTSI, IMKTA) with assessing valuation levels increasingly on the radar of investors. 2 Comments [Consumer]
Tuesday, March 12, 8:53 AM The FDA is dragging its feet on writing new menu labeling laws as strong opinions from supermarkets and convenience stores hold up the process. Though the restaurant industry in general is on board with disclosing calorie counts, grocery stores (SVU, KR, SWY, WFM) oppose it due to the "billion dollar" investment it would take to implement a calorie count on every non-packaged item. 3 Comments [Consumer]

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