(KR) Consumer Price Index Inflation Appears to be Under Control
The Consumer Price Index, or CPI rose 0.2% in September, down from a 0.4% increase in August and down 1.3% from a year ago. If food and energy prices are stripped out to get to core inflation, prices...
View Article(SVU) Supervalu Reports In-Line Earnings – Shrinks Dividend
Supervalu Inc. (SVU) reported results for the second quarter of fiscal 2010. Earnings of 35 cents per share were in line with the Zacks Consensus Estimate, but were down 41.7% year-over-year. Net sales...
View Article(SVU) SUPERVALU Incorporated Beats Analyst’s Estimates
SUPERVALU Inc (SVU) reported results for the third quarter of fiscal 2010 with earnings of 51 cents per share. Earnings were above the Zacks Consensus Estimate of 48 cents, but were 17.7% below the...
View Article($WFMI) Whole Foods Market Posts Healthy Earnings Results
Whole Foods Market Inc. (WFMI), one of the leading natural and organic foods supermarkets, recently reported better-than-expected first-quarter 2010 results buoyed by strong sales and cost cuts. The...
View Article(SWY) Safeway’s Earnings Guidance Disappoints
Recently, Safeway (SWY) provided its outlook for 2010. The company expects earnings per share (EPS) in the range of $1.65 ? $1.85, lower than the Zacks Consensus Estimate of $1.88. Safeway did not have...
View Article(SVU) SUPERVALU Analysts Initiate Coverage at Neutral
We initiate coverage on SUPERVALU Inc. (SVU) with a Neutral recommendation and a target price of $17.00. Founded in 1871 and based in Eden Prairie, Minnesota, SUPERVALU is one of the leading companies...
View Article(SVU) SUPERVALU Fourth Quarter 2010 Beats by a Penny
SUPERVALU Inc. (SVU) reported results for the fourth quarter of fiscal 2010 with earnings of 62 cents per share. Earnings were a penny above the Zacks Consensus Estimate of 61 cents, and were an...
View Article(WFMI) Whole Foods Market Beats The Street – Stays Bullish
Whole Foods Market Inc. (WFMI), one of the leading natural and organic foods supermarkets, recently posted better-than-expected second-quarter 2010 results on the back of strong sales, sending the...
View Article(WFMI) Whole Foods Market Tops Expectations – Pares Forecast
Whole Foods Market Inc. (WFMI), one of the leading natural and organic foods supermarkets, recently posted better-than-expected third-quarter 2010 results on the back of strong sales as shoppers...
View Article(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...
View Article(WFMI) Whole Foods – New Store Openings, Acquisitions and Comparable-Store...
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...
View Article(AIG) Stock Market News for Jan 12, 2011 – Market News
Markets on Tuesday climbed modestly higher as the euro-zone debt crisis eased to lessen investors’ nervousness. Reports of a New York appeals court ruling in favor of MBIA Inc. and upbeat earnings...
View Article(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...
View Article(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...
View Article(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...
View Article(BRCM) Company News for April 15, 2011 – Corporate Summary
• SUPERVALU INC (NYSE:SVU) reported Q4 EPS of $0.44, beating the Zacks Consensus Estimate of $0.35 per share. Revenues for the quarter fell 5.4% year-over-year to $8.70 billion, missing consensus...
View Article(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...
View Article(CL) Consumer Staples Stock Outlook – June 2011 – Industry Outlook
Stocks in the Consumer Staples sector have traditionally performed better than the stock market, and especially cyclical companies, during market declines. We are seeing evidence of this at present —...
View Article(BAC) Company News for September 16, 2011 – Corporate Summary
• Pier 1 Imports (NYSE:PIR) posted Q2 EPS of $0.14, in line with Zacks Consensus Estimates. Revenues for the quarter rose 9.6% to $339.6 million • Swiss bank UBS AG’s (NYSE:UBS) share prices fell...
View Article(KR) California Survives Strike After United Food and Commercial Workers...
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...
View Article(AAPL) A Busy Week Ahead – Earnings Preview
Earnings Preview 10/14/11 While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99...
View Article(CL) Consumer Staples Stock Outlook – October 2011 – Industry Outlook
Stocks in the Consumer Staples sector performed their traditional defensive role as the broader equity markets came under pressure in response to concerns over Europe’s sovereign debt crisis and a weak...
View Article(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...
View Article(KO) Consumer Staples Stock Outlook – December 2011 – Industry Outlook
Stocks in the Consumer Staples sector performed their traditional defensive role as the broader equity markets came under pressure over concerns about the prolonged weak U.S. economy and the debt...
View Article(WAG) Walgreen Plans to Offset Express Scripts Loss
Walgreen (WAG) is commencing the New Year with efforts aimed at minimizing the impact of the non-renewal of the Express Scripts (ESRX) contract, which has just lapsed. With the intention of retaining...
View Article(ESRX) Walgreen Braves Express Scripts Loss
The six-month dispute with Express Scripts (ESRX) took its toll on Walgreen’s (WAG) recently released first quarter fiscal 2012 results. The company’s bottom-line was impacted by 2 cents per share from...
View Article(AAPL) Company News for January 12, 2012 – Corporate Summary
• Raymond James Financial Inc. (NYSE:RJF) announced that it will acquire Morgan Keegan & Co. Inc., the brokerage subsidiary of Regions Financial Corp. (NYSE:RF) for $930 million. Following this...
View Article(KO) Consumer Staples Sector Outlook – Industry Outlook
Stocks in the Consumer Staples sector carried out their traditional defensive role as the broader equity markets came under pressure over concerns about the prolonged weak US economy and the debt...
View Article(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...
View Article(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...
View Article(BBY) U.S. Retail Industry Stock Outlook – August 2012 – Industry Outlook
Retailers procure goods in large quantities directly from manufacturers or wholesalers and sell them in small quantities to customers through a retail outlet or online. As consumer spending is the key...
View Article(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...
View Article(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...
View Article(AA) Fourth Quarter Earnings Expectations Keep Coming Down – Earnings Preview
Aluminum producer Alcoa’s (AA) earnings report is generally considered the start of each quarterly earnings cycle. And by that measure, the fourth quarter earnings season will get underway with Alcoa’s...
View Article(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...
View Article(LTD) Retail Industry Stock Outlook – March 2013 – Zacks Analyst Interviews
Retailers procure goods in large quantities directly from manufacturers or wholesalers and sell these in smaller quantities to customers through retail shops or online. As consumer spending is the key...
View Article(KIM) Kimco Realty Divests Nine Mexican Assets
Recently, Kimco Realty Corp. (KIM) sold 9 assets of its Mexican shopping center portfolio to a local real estate operator for 3.35 billion Mexican pesos ($274 million), which include 573 million...
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