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
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.
Fri, Jan. 16, 12:45 PM
Dec. 6, 2014, 10:24 AM
- Grocery delivery upstart Instacart is raising $100M from new and old investors at a pricing which gives the company a $2B valuation and plenty of cash to fund expansion.
- Sequoia Capital and Andreessen Horowitz have added to their original investments, reports Re/code.
- Instacart, which was started by a former Amazon supply chain engineer, delivers groceries from participating stores to consumers in larger markets within an hour.
- Major retail chains such as Whole Foods Markets (NASDAQ:WFM), Kroger (NYSE:KR), and Costco (NASDAQ:COST) are participating in Instacart's expansion - perhaps playing a little defense against Amazon Fresh (NASDAQ:AMZN) which also has growth plans.
- What to watch: Instacart's simple business model of a personal shopper army and vibrant website contrasts sharply with the distribution/branding might of Amazon Fresh (AMZN), but could end up in the same razor-thin margin predicament ($5.99 for one-hour delivery?). Meanwhile, old-school Kroger (KR) has recorded 44 straight quarters of positive comps and just raised its full-year profit guidance off of solid store execution.
- Related grocery stocks: SVU, SWY, RNDY, SFM, OTCQB:PUSH, TFM, WMT.
Nov. 5, 2014, 5:29 PM
Aug. 6, 2014, 4:20 PM
Jul. 7, 2014, 12:11 PM
May 7, 2014, 4:39 PM
Mar. 27, 2014, 10:58 AM
- Shares of Roundy's Supermarkets (RNDY +11.3%) are racking up a double-digit gain after Bank of America initiates coverage on the stock with a Buy rating and $8 price target.
- The company in the process of tuning its store mix to maximize sales without picking off traffic from other company-owned brands.
Feb. 26, 2014, 4:05 PM
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Feb. 25, 2014, 5:35 PM| Feb. 25, 2014, 5:35 PM | 4 Comments
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