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Kroger CFO's Comments Not Enough To Stop The Bleeding
Thursday, June 15, 2017 - 12:16pm | 383Shares of Kroger Co (NYSE: KR) plummeted nearly 20 percent Thursday morning and hit a new 52-week low of $24.55 after the company reported an in-line first quarter report but lowered its full-year earnings outlook. During the first quarter, Kroger realized about 20 basis points of deflation (...
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Sprouts Farmers Market Downgraded, But Fundamentals Remain Strong As Ever
Thursday, June 15, 2017 - 10:00am | 379After a 30-percent gain since the start of 2017, analysts at Morgan Stanley felt it prudent to downgrade Sprouts Farmers Market Inc (NASDAQ: SFM)'s rating, as the stock is now trading at an appropriate valuation relative to future growth. Morgan Stanley's Vincent Sinisi downgraded Sprouts' stock...
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Kroger's CFO Talks Food Deflation
Thursday, March 2, 2017 - 1:35pm | 337Shares of Kroger Co (NYSE: KR) were trading lower by more than 3 percent on Thursday despite the company's fourth-quarter report containing a top- and bottom-line beat. However, the grocer's guidance for the first quarter came in light and the company also cited deflationary concerns. Kroger's...
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Have You Noticed Food Prices Have Fallen For Nine Straight Months?
Wednesday, September 28, 2016 - 12:52pm | 298Have you noticed that your trip to the grocery store is leaving you with a few extra dollars in your pocket? According to a Bloomberg report, food prices have now fallen for nine straight months in the US, marking the longest streak since the 1960s with the exception of the 2009 financial...
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Kroger Better Positioned Than Most To Survive The Grocery 'Price War'
Monday, September 12, 2016 - 1:22pm | 425Shares of Kroger Co (NYSE: KR) hit a new 52-week low of $30.70 on Monday, but Shane Higgins of Deutsche Bank remains convinced the grocer is best positioned to survive a looming price war among grocery stores. Kroger's stock has lost nearly 5 percent over the past week after its earnings report...
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Market Winners And Losers As Food Deflation Persists
Saturday, September 10, 2016 - 6:10pm | 722While consumers have benefited this summer from continued deflation in food prices, investors in food retailers have been starving for returns. From grocers like SUPERVALU INC. (NYSE: SVU), which cut guidance Thursday, to restaurant chains including industry giant Darden Restaurants, Inc. (NYSE:...
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Food Deflation Is 'Great' For Consumers But 'Terrible News' For Grocery Chains
Friday, September 9, 2016 - 2:22pm | 388Kroger Co (NYSE: KR) reported on Friday its second-quarter results in which revenue fell short of expectations and management revised its full-year earnings guidance lower. For investors, this could be a concerning sign, but for consumers, Kroger's revenue shortfall is a good sign. As noted by CNN...
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Deflation Could Be Coming To Casual Dining
Monday, September 28, 2015 - 4:08pm | 553Andrew Strelzik, BMO Capital Markets' restaurants analyst, sees food costs turning deflationary in 2016. Promotional activity could increase to "boost" comps, given the "margin cushion" from lower food costs. However, a more promotional environment has not benefited comp trends from a historical...