Tue, May 19, 12:47 PM
Tue, May 19, 9:15 AM
Thu, May 14, 9:47 PM
- Consolidation in the grocery industry could pick up even more, observes Supermarket News.
- A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
- The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
- "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
- Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
- Previously: Ahold, Delhaize confirm merger talks (May 12)
- Grocery stocks: RNDY, SVU, VLGEA, WFM, CASY, IMKTA, OTCPK:PUSH, TFM, SFM, WMK.
Wed, May 13, 5:41 PM
Wed, May 13, 4:03 PM| Comment!
Tue, May 12, 5:35 PM
Mon, May 11, 10:52 AM
- Delhaize (NYSE:DEG) is up 13.3% after reports on a merger with Ahold (OTCQX:AHONY +3.8%) drove up shares listed in Europe earlier today.
- The talk of industry consolidation has some other U.S. grocery stocks ahead of market averages as well.
- Grocery gainers: Kroger (NYSE:KR) +1.0%, Whole Foods Market (NASDAQ:WFM) +1.2%, Roundy's (NYSE:RNDY) +1.0%, Supervalu (NYSE:SVU) +1.0%, Fairway Group (NASDAQ:FWM) +0.9%, Ingles Markets (NASDAQ:IMKTA) +9.8% with earnings also a factor.
- Previously: Ahold, Delhaize surge on merger reports
Wed, Apr. 8, 5:38 PM
Mon, Mar. 30, 5:38 PM
Thu, Mar. 5, 12:45 PM
Thu, Mar. 5, 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%.
Wed, Mar. 4, 7:14 PM
- Midwestern grocer Roundy's Supermarkets (NYSE:RNDY) is charging it after hours, +12.4% in late trading, after beating on top and bottom lines in Q4.
- It wraps a "transition year" for the company as it moved out of 27 stores in the Twin Cities market and invested in growth in Illinois. Q4 EBITDA of $37M vs. an expected $37.6M.
- The company guided to Q1 sales of $980M-$990M, in line, and adjusted EBITDA of $27.5M-$32.5M vs. $32M expected. For full 2015, it projects net sales of $4B-$4.08B vs. $4.03B expected, and EBITDA of $115M-$125M vs. $122M expected.
- Roundy's is expecting same-store sales to decline 0.25% to 1.25% in Q1, and anywhere from 0.75% to 2.75% for the full year.
- Debt may still be a concern with total long-term debt at $718M against $78M in cash. Net cash flows from operations for the year were $48M, down from the prior $104M.
- Press release
Wed, Mar. 4, 5:36 PM
Wed, Mar. 4, 4:10 PM| Comment!
Tue, Mar. 3, 5:35 PM
Mon, Mar. 2, 11:37 AM
- Ingles Markets (IMKTA +7.1%) and Weis Markets (WMK +7.8%) are making a strong move as the regional grocery store sector falls into favor.
- Fairway Group (FWM +2%), Roundy's (RNDY +0.7%), and The Fresh Market (TFM +0.8%) are also ahead of market averages.
- A slowed down roll-out of the small grocery concept from Wal-Mart is a factor in the sector, according to Supermarket News.
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