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Walmart, BJ's Ride Grocery Reflation Wave As Hurricane Preparedness Boosts Q3 Outlook: Analyst
Tuesday, October 15, 2024 - 10:10am | 426As grocery inflation trends slightly upwards, Walmart Inc (NYSE:WMT) and BJ's Wholesale Club Holdings Inc (NYSE:BJ) are poised for stronger-than-expected quarterly comps. According to JPMorgan analyst Christopher Horvers, the latest NielsenIQ data (as of Oct. 5) reveals a modest 2% grocery...
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Kroger CEO Unsure What The 'New Normal' Will Look Like
Monday, April 20, 2020 - 12:40pm | 449Kroger Co (NYSE: KR) has seen a large increase in demand amid the coronavirus pandemic and what will be the "new normal" once the pandemic passes is anyone's guess, Kroger CEO Rodney McMullen said during a recent Evercore ISI hosted "fireside chat." What Happened Kroger...
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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...