Grocery Stores

(SWY) Safeway Upgraded to Outperform

On Mar 15, 2013, we upgraded Safeway Inc. (SWY) to Outperform following its robust results in the fourth quarter of 2012. With three consecutive positive earnings surprises and agreement among analysts, the stock also carries a Zacks...

4Apr2013 | | Comments Off on (SWY) Safeway Upgraded to Outperform | Continued

(KR) Kroger Walks the Tight Rope

The Kroger Company (KR) stands tall amid nagging economic woes and an uneven recovery. We maintain our Neutral recommendation on this stock that has shown resilience over time.

Why the Reiteration?

We...

4Apr2013 | | Comments Off on (KR) Kroger Walks the Tight Rope | Continued

(KR) Looking Toward Employment Numbers – Earnings Preview

The budget sequester has taken effect, but thankfully everything seems to be just fine.

The fourth quarter earnings season is effectively in the books now, though it will still be couple of more weeks before we can officially call an end to the reporting season. The focus this week will be...

5Mar2013 | | Comments Off on (KR) Looking Toward Employment Numbers – Earnings Preview | Continued

(SWY) Safeway Ticks Higher on Fourth Quarter Results

Shares of Safeway (SWY) touched a new 52-week high of $23.96 on Thursday, Feb 21, 2013, following the release of the fourth-quarter results. The 17.6% surge in company’s profit boosted market sentiments as the stock rose 14.11% (or...

25Feb2013 | | Comments Off on (SWY) Safeway Ticks Higher on Fourth Quarter Results | Continued

(SVU) Supervalu Third Quarter 2013 Earnings Preview

Supervalu Inc. (SVU) is set to report third quarter 2013 results on January 10. Last quarter, it posted a –12% negative surprise. Let’s see how things are shaping up for this announcement.

Growth Factors Past Quarter...

15Jan2013 | | Comments Off on (SVU) Supervalu Third Quarter 2013 Earnings Preview | Continued

(SWY) Safeway Posts Mixed Third Quarter

Safeway Inc. (SWY) reported net income from continuing operations of $108.0 million in the third quarter of 2012, much lower than $130.3 million in the year-ago quarter. However, the company’s earnings per share (EPS) of 45 cents...

23Oct2012 | | Comments Off on (SWY) Safeway Posts Mixed Third Quarter | Continued

(SWY) Safeway Shares Reiterated at Neutral

We have reiterated our Neutral recommendation on Safeway Inc. (SWY) with a target price of $17.00.

In the third quarter of fiscal 2012, the company reported a nominal 0.2% year-over-year decline in total sales to $10.04 billion,...

20Oct2012 | | Comments Off on (SWY) Safeway Shares Reiterated at Neutral | Continued

(SWY) Safeway Shares Reiterated at Neutral

We reiterate our Neutral recommendation on Safeway Inc. (SWY) with a target price of $16.00.

We note that the retail environment is quite challenging and consumer spending on durable products has also been very weak. Amid economic...

31Jul2012 | | Comments Off on (SWY) Safeway Shares Reiterated at Neutral | Continued

(SWY) Safeway Earnings Preview

Safeway (SWY), a leading food and drug retailer in North America, is scheduled to report its second quarter of fiscal 2012 results on Thursday, July 19 before the opening bell. The current Zacks Consensus Estimate for EPS is pegged...

17Jul2012 | | Comments Off on (SWY) Safeway Earnings Preview | Continued

(KR) The Kroger Company – Bull of the Day

We upgraded our recommendation on The Kroger Company (KR) to Outperform following the company’s fourth-quarter 2011 results. The quarterly earnings of $0.50 per share beat the Zacks Consensus Estimate by a penny, and rose 8.7%...

27Mar2012 | | Comments Off on (KR) The Kroger Company – Bull of the Day | Continued

(KR) The Kroger Company – Bull of the Day

We upgraded our recommendation on The Kroger Company (KR) to Outperform following the company’s fourth-quarter 2011 results. The quarterly earnings of $0.50 per share beat the Zacks Consensus Estimate by a penny, and rose 8.7%...

9Mar2012 | | Comments Off on (KR) The Kroger Company – Bull of the Day | Continued

(KR) Kroger Beats Expectations – Lifts Outlook

The Kroger Company (KR), one of the largest grocery retailers, recently posted better-than-expected third-quarter 2011 results, thereby prompting management to raise its fiscal 2011 earnings guidance.

The quarterly earnings of...

14Dec2011 | | 0 comments | Continued

(KR) The Kroger Company 2011 Third Quarter Earnings Preview

The Kroger Company (KR), one of the largest grocery retailers, is slated to report third-quarter 2011 financial results before the bell on Thursday, December 1, 2011. The current Zacks Consensus Estimate for the quarter is 31 cents...

28Nov2011 | | 0 comments | Continued

(WFMI) Whole Foods Market – Bull of the Day

Whole Foods Market’s (WFMI) fourth-quarter 2011 earnings of $0.42 per share beat the Zacks Consensus Estimate by a penny, and rose 27.3% from the prior-year quarter on strong sales. The company is revamping its pricing strategy...

8Nov2011 | | 0 comments | Continued

(KR) California Survives Strike After United Food and Commercial Workers Union Settles

Southern California, which is one of the most competitive food retailing markets in the United States, recently witnessed a withdrawal of a 141 workers’ strike after the United Food and Commercial Workers union arbitrated in settling a long-standing dispute between the workers and three retail giants...

27Sep2011 | | 0 comments | Continued

(KR) U.S. Initial Jobless Claims Fall Slightly

Initial Claims for Unemployment Insurance fell by 1,000 last week to 428,000. This was worse than the expected level of 420,000. Last week’s numbers were unrevised. The trend in initial claims had downward, although there were some bumps along the way. Recently they seem stuck once again in a trading...

30Jun2011 | | 0 comments | Continued

(KR) Kroger First Quarter 2011Earnings Scorecard

Specialty retailer The Kroger Co. (KR) announced its financial results for the first quarter of fiscal 2011.

Street analysts had almost a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings...

24Jun2011 | | 0 comments | Continued

(WFMI) Whole Foods Market 2011 Second Quarter Earnings Preview

Whole Foods Market Inc. (WFMI), one of the leading natural and organic foods supermarkets, is scheduled to report its second-quarter 2011 financial results on May 4, 2011. The current Zacks Consensus Estimate for the quarter is 46...

3May2011 | | 0 comments | Continued

(KR) Consumer Price Index – Core Inflation Running 2.7% Annualized

The Consumer Price Index (CPI) rose by 0.5% in March, matching its rise in February, and after 0.4% increases in both January and December. While that sounds bad, year over year it is up just 2.7%.

Beneath the Headline Numbers

Looking a little bit deeper,...

18Apr2011 | | 0 comments | Continued

(WFMI) Whole Foods Market Incorporated – Bull of the Day

Whole Foods Market, Inc. (WFMI), with a strong brand image, offers investors one of the strongest growth profiles in the industry, and the stock is poised to surge as the demand for natural and organic products improves. The company...

1Apr2011 | | 0 comments | Continued

(KR) Core Consumer Price Index Inflation Still Tame

The Consumer Price Index (CPI) rose by 0.5% in February, up from a 0.4% increase in both January and December. While that sounds bad, year over year it is up just 2.1%. Looking a little bit deeper, the problem is mostly with energy, and to a lesser extent, food prices.

Energy...

31Mar2011 | | 0 comments | Continued

(KR) Kroger Analyst Has Neutral Rating on Shares

A dominant position among the nation’s largest grocery retailers enables The Kroger Company (KR) to sustain growth in top line, expand its store base, and boost its market share. The company’s strong corporate and national brands...

28Mar2011 | | 0 comments | Continued

(WFMI) Whole Foods Market – Bull of the Day

Whole Foods Market (WFMI) with a strong brand image offers investors one of the strongest growth profiles in the industry, and the stock is poised to surge as the demand for natural and organic products improves. The company is also...

22Feb2011 | | 0 comments | Continued

(WFMI) Whole Foods Market – Earnings Beat Estimates by 13%

Whole Foods Market, Inc. (WFMI) recently spiked to a new multi-year high after reporting strong Q4 results that included a 13% earnings surprise. With an average earnings surprise of 14% over the last four quarters and bullish growth projection, this...

18Feb2011 | | 0 comments | Continued

(KR) Consumer Price Index Increases but Still Tame

The Consumer Price Index (CPI) rose by 0.4% in January, The same pace as in December (after December was revised down to 0.4% from 0.5%). The CPI increased by just 0.1% in November, so the past two months are a bit of an acceleration. While that sounds bad, year over year it is up...

18Feb2011 | | 0 comments | Continued

(WFMI) Whole Foods Market Analyst Rates Shares Outperform

Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (WFMI) offers investors one of the strongest growth profiles in the industry with its strong brand image and marketing and merchandising expertise....

17Feb2011 | | 0 comments | Continued

(SVU) SUPERVALU Incorporated – Bear of the Day

SUPERVALU Inc. (SVU) reported lower-than-expected earnings of $0.24 per share in the third quarter of fiscal 2010. Earnings declined 52.9% year-over-year and were 22.6% lower than the Zacks Consensus Estimate of $0.31.

Net sales...

21Jan2011 | | 0 comments | Continued

(WFMI) Whole Foods – New Store Openings, Acquisitions and Comparable-Store Sales Growth

Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (WFMI) offers investors one of the strongest growth profiles in the industry with its strong brand image, and marketing and merchandising expertise....

4Jan2011 | | 0 comments | Continued

(KR) Consumer Price Index Report – Inflation Still Tame

The Consumer Price Index (CPI) rose by just 0.1% in November, down from 0.2% October. Even with the 0.1% increase in September, year over year it is up just 1.1%.

Energy prices, were surprisingly well behaved in the month, rising just 0.2% after having surged 2.6% in October...

20Dec2010 | | 0 comments | Continued

(KR) The Kroger Company Earnings 14% Ahead of Expectations

If there is one industry that can survive a recession, it’s grocery stores. People may cut back a bit or trade down to generic brands, but they still have to eat. The Kroger Co (KR) is one of the largest supermarket chains in the U.S., and the company weathered...

6Dec2010 | | 0 comments | Continued