Fri, Oct. 2, 2:11 PM| Fri, Oct. 2, 2:11 PM | 2 Comments
Sun, Sep. 20, 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.
Thu, Sep. 17, 12:22 PM
Mon, Sep. 14, 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.
Sun, Sep. 13, 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).
Fri, Sep. 11, 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.
Fri, Sep. 11, 9:11 AM
Fri, Sep. 11, 8:46 AM
Thu, Sep. 10, 5:30 PM
Thu, Sep. 10, 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.
Fri, Aug. 28, 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.
Tue, Aug. 18, 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.
Wed, Jul. 22, 9:05 AM
Tue, Jun. 30, 2:44 PM
Thu, Jun. 25, 11:50 AM
- Kroger (NYSE:KR) announces a two-for-one stock split and new $500 share repurchase program.
- The company's quarterly dividend is also lifted to $0.21/share which will fall to a $0.105 level after the split.
- Previously: Kroger blasts past all comers (Jun. 18 2015)
- Previously: The Kroger Co. declares $0.105 dividend
- KR +1.33% to $73.91 vs. the all-time high of $77.74 in late March.
Wed, Jun. 24, 8:46 AM
- Grocery store stocks could see some volatility after Ahold agrees to buy Delhaize.
- Retail analysts think the sector could see more M&A with the presence of larger retail chains such as Target and Wal-Mart placing some pressure on companies to scale up.
- On watch: Kroger (NYSE:KR), Supervalu (NYSE:SVU), Roundy's (NYSE:RNDY), Ingles Markets (NASDAQ:IMKTA), Village Super Market (NASDAQ:VLGEA), Weis Markets (NYSE:WMK), Fairway Group Holdings (NASDAQ:FWM).
- Previously: Ahold, Delhaize agree to merger
KR vs. ETF Alternatives
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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