Grocery

The bullish case for Kroger Co (NYSE: KR) can no longer be justified, as it will be more difficult for the grocery chain to beat expectations moving forward, according to BofA Securities. The Analyst: Robert Ohmes downgraded Kroger from Buy to Neutral with a price target lowered from $42 to $40....

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Location data analytics startup Placer.ai provided some foot traffic insight that Kroger Co (NYSE: KR), GameStop Corp. (NYSE: GME), and Dave & Buster's Entertainment Inc (NASDAQ: PLAY) investors should be aware of before their respective earnings releases. Kroger's Staying Power:...

Pizza's status as a family-friendly staple is here to stay, American Flatbread owner Brad Sterl told Benzinga. 40 Pounds A Year: Prior to the COVID-19 pandemic, the average person reportedly consumed close to 40 pounds of pizza a year, Sterl said. Despite a surge in demand for pizza during...

Farmers across the U.S. that focus on fresh produce are losing a combined $1 billion each week, "The Growing Season" author and farm owner Sarah Frey said Tuesday in a Fox Business interview. What Happened: The approximate 250,000 fresh produce farms across the U.S. are struggling and the...

For the first time ever, Walmart Inc (NYSE: WMT) outsells Amazon.com, Inc. (NASDAQ: AMZN) in the online grocery category, according to a Tabs Analytics report. The Study: Tabs surveyed 1,000 adults in August to better understand their buying patterns across 15 consumables categories. Overall online...

The competition in the grocery industry intensified this week as three major grocers announced potentially transformative long-term strategies to gain a new edge. Albertsons: Fresh off its June initial public offering, Albertsons Companies Inc (NYSE: ACI) announced an agreement to offer fresh...

Major retailers are on deck to report earnings results, and BofA Securities analyst Robert Ohmes is naming three top picks: Target Corporation (NYSE: TGT), Dollar Tree, Inc. (NASDAQ: DLTR) and Walmart Inc (NYSE: WMT). Retail Ratings, Price Targets: Ohmes maintained a Buy rating on Target...

Kellogg Company (NYSE: K) reported second-quarter results that came in better than expected as consumers continue to stockpile on food amid the COVID-19 pandemic. Kellogg reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of 93 cents by 33%. The company...

Wall Street analysts can now issue recommendations on Albertsons Companies Inc (NYSE: ACI) after the grocery store chain went public in late June. Here's what the Street is saying. The Albertsons Analysts RBC Capital Markets analyst Beth Reed initiated coverage of Albertsons stock with an...

The surge in thepopularity of plant-based food has prompted grocery stores to question where the product should be placed in stores. Some put plant-based food in its own section, but grocery chain Kroger Co (NYSE: KR) is convinced it belongs right next to fresh meat. What Happened: Kroger partnered...

Retail giant Walmart Inc (NYSE: WM) is reportedly set to launch a new $98-a-year subscription service platform, Walmart+, and it can be considered both a defensive and offensive strategy, according to Oppenheimer analyst Rupesh Parikh. Parikh Sees Pushback Against Amazon Walmart's...

The Food and Drug Administration granted an Emergency Use Authorization for grocery chain Kroger Co (NYSE: KR) to provide workers with an at-home COVID-19 testing kit, the company said in a press release. What Happened: The new Kroger Health COVID-19 Home Collection Kit will be offered to frontline...

Food maker General Mills, Inc. (NYSE: GIS) CEO Jeff Harmening was on the receiving end of praise from CNBC's Jim Cramer after the company's earnings report showed it held or gained market share across key categories in the U.S. and accelerated organic sales — all without experiencing...

National grocery chain Albertsons is potentially days away from returning to the public market, and investors should buy the stock if the price is right, according to CNBC's Jim Cramer. What Happened: Albertsons was taken private in 2006, but is making a return to the New York Stock Exchange. A...