Tue, Sep. 15, 1:58 PM
- Select grocery store stocks trade higher with The Fresh Market (TFM +4.2%), Roundy's (RNDY +3.5%), and Sprouts Farmers Market (SFM +3.7%) leading the charge.
- The Commerce Department's release on retail sales today indicated grocery store sales were up 0.7% M/M and 3.0% Y/Y. The pace was higher than some analysts forecast.
- Previously: August Retail Sales +0.2% to miss consensus (Sept. 15)
Wed, Aug. 12, 6:27 PM
- Low expectations have helped Roundy's (NYSE:RNDY) rise to $2.87 in AH trading following its Q2 beat: Shares were down 46% YTD going into earnings, and even more before gaining 6.9% in regular trading today.
- Roundy's is guiding for Q3 revenue from continuing ops of $975M-$985M (below a $999.7M consensus) and 2015 revenue from continuing ops of $3.95B-$3.99B (below a $4B consensus).
- The supermarket chain's same-store sales from continuing ops fell 3.9% Y/Y in Q2, with a 4.9% drop in transactions more than offsetting a 1% increase in average transaction size. If not for a change in Easter's timing, same-store sales would've fallen 2.4%.
- Wisconsin revenue fell 3.5% Y/Y to $648.2M - 3 stores were closed since last year, and 1 opened. Illinois revenue rose 29.1% to $350.1M thanks to new and acquired stores. Gross margin was flat at 26.4%.
- Q2 results, PR
Wed, Aug. 12, 5:39 PM
Wed, Aug. 12, 4:23 PM
Tue, May 19, 12:47 PM
Tue, May 19, 9:15 AM
Wed, May 13, 5:41 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
Fri, Jan. 16, 12:45 PM
Feb. 7, 2014, 9:10 AM
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