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Pricing swagger from Kroger sends grocery names lower

Jun. 15, 2017 10:07 AM ETSUPERVALU Inc. (SVU) StockWMT, TGT, AMZN, SVU, WMK, SFSBy: Clark Schultz, SA News Editor10 Comments
  • 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)

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