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Safeway Inc.

5/20/2013, 3:45 PM ET

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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]
Tuesday, May 14, 5:09 PM Safeway (SWY) hikes its quarterly dividend by 14% to $0.20/share. That gives the grocery store chain a yield of 3.1%. Shares +1.2% AH. (PR) Comment! [Consumer, Dividends]
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]
Thursday, May 2, 9:15 AM Blackhawk Networks (HAWK, SWY) is up 3.6% in premarket trading. The gift card company's relationship with Visa could be giving it a boost after Visa sailed past Q1 estimates. Comment! [Consumer, On the Move]
Monday, April 29, 5:36 PM Safeway (SWY) President Robert Edwards will become the company's CEO after chairman/CEO Steven Burd retires from both positions on May 14. Lead independent director T. Gary Rogers will become non-executive chairman, and Edwards will join the board. Burd, who has been CEO for 20 years, announced plans to retire in January. (PR) 1 Comment [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]
Thursday, April 25, 9:40 AM Shares of Safeway (SWY -12.1%) slumps after the company misses estimates with its Q1 report. Margins fell as promotional efforts to stoke traffic fell flat with same-store sales up only 1.5%. 1 Comment [Consumer, On the Move]
Thursday, April 25, 9:01 AM Safeway (SWY): Q1 EPS of $0.49. Revenue of $10B misses by $0.14B. (PR) Comment! [Earnings, Breaking News]
Friday, April 19, 11:50 AM Gift card seller Blackhawk Network (HAWK) delivers a solid IPO. After pricing its 10M-share offering at $23, above a range of $20-$22, the Safeway (SWY -0.5%) unit opened at $25 and is currently trading at $25.62, up 11.4%. That gives Blackhawk, which sells cards via a network of 100K+ retail locations and supports top brands such as Apple, Visa, and Starbucks, a market cap of $1.33B. Blackhawk posted 2012 revenue of $959.1M (+28% Y/Y), and net income of $48.2M. Safeway now owns 81% of the company. (S-1) Comment! [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]
Monday, April 15, 10:32 AM Blackhawk Network (HAWK) will be spun off this week from Safeway (SWY). With the company set a price range of $20 to $22 per share for the offering, the prepaid card distributor is expected to trade north of the $1B market cap mark when it debuts on the Nasdaq. Comment! [Consumer]
Monday, April 8, 8:13 AM Safeway's (SWY) Blackhawk gift card unit sets a price range at $20-$22 per share for its IPO of 10M shares. Comment! [Consumer]
Wednesday, March 27, 11:20 AM Safeway (SWY +0.3%) will add SoloHealth Station kiosks to about 700 stores in a rollout scheduled to begin in April. The stations will allow shoppers to screen their vision, blood pressure, weight, and body mass index before or after they conduct their grocery shopping. The company isn't the only one with big ideas about merging retail and healthcare services - both Wal-Mart and Walgreen are toying with the medical kiosk concept. Comment! [Consumer]
Monday, March 18, 11:17 AM Safeway's (SWY -1.8%) gift card unit registers with the SEC for a $200M IPO. The filing follows up on a promise from the grocery operator last year to take the business public. (S-1) Comment! [Consumer]
Friday, March 15, 10:32 AM Safeway (SWY) declares $0.175/share quarterly dividend, in line with previous. Forward yield 2.88%. For shareholders of record Mar. 25. Payable Apr. 11. Ex-div date Mar. 21. (PR) Comment! [Dividends]

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