- Supervalu (SVU -4.1%) and Smart & Final Stores (SFS -5.2%) are both sharply lower after Kroger cuts its annual profit guidance.
- A statement from Kroger CEO Rodney MacMullen that the company "won't lose" on prices appears to impacting sentiment on Target (TGT -1.3%) and Wal-Mart (WMT -1.6%) as well.
- Weis Markets (WMK -1.4%) and Whole Foods Market (WFM -3.7%) are also trading weak in comparison to broad market averages.
- Previously: Kroger EPS in-line, beats on revenue (June 15)
- Previously: Kroger sinks after guidance cut, Wal-Mart to blame? (June 15)