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Safeway expected to post lower Q3 earnings

Safeway Inc. (NYSE: SWY), one of North America's largest food retailers, is scheduled to discuss its third quarter 2009 financial results in a conference call Thursday at 11:00 AM ET. You can catch the live webcast of the call on the company's website.

During the three months that ended in September, Safeway appointed new board members, offered seasonal flu shots, and declared a quarterly dividend. Analysts surveyed by Thomson Reuters expect this Pleasanton, Calif.-based grocer to report that earnings fell 34.8% from a year ago to $0.30 per share. Sales for the quarter are expected to be 7% lower to $9.5 billion.

Continue reading Safeway expected to post lower Q3 earnings

Earnings highlights: Adobe, Best Buy, FedEx, Kroger, Monsanto, Oracle, Palm ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Adobe, Best Buy, FedEx, Kroger, Monsanto, Oracle, Palm ...

Kroger earnings disappoint; put sellers in the red

Kroger (NYSE: KR) reported second-quarter earnings Tuesday and the results were disappointing to the Street and to options investors who may have bet the other way.

First, the bottom line up front. The grocery retailer earned 39 cents per share, down from 42 cents in the year-ago period and a nickel short of what analysts were expecting. Sales, meanwhile, dipped to $17.7 billion from $18.1 billion, also falling shy of Wall Street's consensus view.

Continue reading Kroger earnings disappoint; put sellers in the red

The week in preview: Is FedEx still a bellwether?

Memphis-based package delivery giant FedEx Corp. (NYSE: FDX) is generally seen as an indicator of the state of commerce in the U.S. Last week, not only did the Fed's Beige Book report suggest that the economy had stabilized over the summer, with signs of recovery in some districts, But FedEx also boosted its earnings guidance due to stronger-than-expected volume in its international priority-delivery service. So a question going in to FedEx's fiscal first-quarter report this week is whether the company is still a bellwether.

For the three months that ended in August, when FedEx opened distribution hubs in Chicago and Toledo and declared a quarterly dividend, analysts surveyed by Thomson Reuters are looking for it to report that earnings fell 60.2% from a year ago to $0.49 per share. That's also down 23.4% from the previous quarter, as well as less than the recently updated outlook. First quarter revenue is expected to be down 18.3% from a year ago to $8.2 billion.

Continue reading The week in preview: Is FedEx still a bellwether?

Earnings highlights: Nike, Oracle, Kroger, Walgreen, Monsanto, KB Home ...

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Nike, Oracle, Kroger, Walgreen, Monsanto, KB Home ...

Kroger increases profit and beats estimates, but I'm not a buyer

Kroger (NYSE: KR), a supermarket chain that competes with Wal-Mart (NYSE: WMT), Costco (NASDAQ: COST), and Supervalu (NYSE: SVU), issued its Q1 earnings report today. Not much came of it, though. The stock, as of this writing, isn't doing much in afternoon trading. Too bad for shareholders, because the bottom line beat the analysts.

According to the earnings preview from Michael Fowlkes, Kroger was expected to deliver around 61 cents per share. Well, Kroger earned 66 cents per share. The number improved last year's performance by 8 cents. Revenues were essentially flat. Same-store sales increased a little over 3%. When you think about it, Kroger did pretty well.

Continue reading Kroger increases profit and beats estimates, but I'm not a buyer

Kroger first quarter earnings preview

Kroger, the nations largest grocery chain, will be reporting its fiscal first quarter earnings tomorrow before the market opens.

The current slowdown in consumer spending has actually played into the hands of Kroger (NYSE: KR). Households have been cutting back on dinners at restaurants, and looking for cheaper ways to feed the family. As a result, grocery sales are up, and for Kroger, its name brand products have also been on the rise.

Continue reading Kroger first quarter earnings preview

Kroger recalling pistachios, how will the stock react?

Anyone out there like pistachios? Can't say that I do, what with turning my fingers green and all that, I'll settle for a nice, meaty cashew any day. Ah, but I digress. If you are a pistachio lover, and a Kroger (NYSE: KR) shopper, you may want to pay special attention.

On Friday, KR recalled a line of its pistachios because of a potential salmonella contamination. KR announced a recall of the "Private Selection" shelled pistachios sold in 10-ounce containers with a December 13, 2009 sell-by date, UPC number 1111073615.

The company stated that no illnesses have been reported in connection with the product, and it would give no idea of how the pistachios were exposed to salmonella. The nuts were sold at 17 of KR's chains in 31 states, including Kroger, Ralphs, Fred Meyer, Fry's, King Soopers, Smith's, Dillons QFC, City Market, Foods Co., Jay C., Scott's, Owen's, Baker's, Gerbes, Hilander, and Pay Less.

The timing of this announcement could be bad for KR, as its shares have started to perk up of late. The grocer was trading near the $27 region when the year started, but has fallen as low as the $19 region in the first three months of 2009. That said, the stock has rallied a bit and is trading in the lower $22 region.

Hopefully this recall won't affect the stock's price, but don't count out a bit of a drop thanks to the news. As to how far the stock could fall, that is anybody's guess. This follows closely on the heels of the big peanut salmonella case earlier this year.

Earnings highlights: Citigroup, Kroger, Staples, J. Crew, National Semiconductor and more

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Citigroup, Kroger, Staples, J. Crew, National Semiconductor and more

Doomsday Scenario: Bain eats onion, no-name groceries hot, pension fund fracas

More wonderful and weird tidings: Bain Capital, the brainiac Boston buyout fund, has hired salvage consultancy AlixPartners to extricate any remaining value from its bankrupt buy-out, Outback Steakhouse Incorporated. Outback is the originator of mega-calorie Blooming Onion, and is apparently too many calories for Bain, as the company reported a quarterly loss of a whopping $750 million.

Big grocery chain The Kroger Company (NYS: KR) reported strong earnings. That's the good news. The bad news? Growth was fueled by record growth in purchases by customers of its private label goods, which rose to a stunning 35% of total store purchases. Not only cat food, but white label cat food for the recession, people.

Continue reading Doomsday Scenario: Bain eats onion, no-name groceries hot, pension fund fracas

Kroger earnings edge higher in the fourth quarter

Kroger (KR) sign Call me sentimental, but there are many things I miss about my old stomping grounds of Cincinnati, Ohio. The trendy but well-run restaurants lining the Hyde Park neighborhood. Joseph-Beth, the best bookstore I've ever entered. Certain karaoke bars. Cincinnati chili, of course.

And Kroger. Yes, Kroger Co. (NYSE: KR), headquartered in the Queen City, is the top grocery chain in the country, but has no locations in Chicago. I miss its store-brand crackers, its salad bar, and occasionally, even its commercials.

Continue reading Kroger earnings edge higher in the fourth quarter

The week in preview: Bernanke, earnings winners, and Raymond James conference

After testifying before a Senate committee about AIG (NYSE: AIG) last week, the Fed's Ben Bernanke participates in a Council of Foreign Relations event Monday evening.

Economic data due to be released this week include wholesale trade and job vacancies for January on Tuesday morning, the U.S. Treasury budget for February on Wednesday, retail sales for February and business inventories for January on Thursday morning, and the U.S. trade balance for January on Friday morning.

Continue reading The week in preview: Bernanke, earnings winners, and Raymond James conference

Growth Matters: Cellfire puts coupons into your mobile

With all the gloom in the global economy, I got to wondering whether there is anything else going on in the world of business. I'm looking for growth because I think that's what will ultimately bring the economy out of the doldrums. Not surprisingly, that growth is coming from technology companies. In Growth Matters, I look at consumer technology companies that point the way to growth trends -- and in the process introduce services and products you may want to explore.

With people looking to save money, coupons are more important than ever. But wouldn't it be great if you could get the benefits of a coupon without clipping them and taking them with you shopping? If you have a cell phone, you can get this with Cellfire.

Continue reading Growth Matters: Cellfire puts coupons into your mobile

Is romance the latest recession victim?

Diamond Rings, Tiffany, Blue NileAs John, Paul, George, and Ringo once said, "Money can't buy me love." While true, money can buy long-stemmed roses, expensive dinners, theater tickets, and jewelry. On the flip side, this money can be tucked away for a rainy day -- the fancy floral delivery replaced with daisies from the grocery store, the pricey meal forgone for the cozy neighborhood spot (or fondue at home).

Many of us have long criticized St. Valentine's Day as a holiday conceptualized and fueled by Hallmark and American Greetings (NYSE: AM). But even more of us fall into its trap, spending a nice chunk of change in mid-February to prove our affection to our significant other.

Continue reading Is romance the latest recession victim?

Earnings highlights: Costco, Kroger, Krispy Kreme, Lululemon, FedEx, P&G and others

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Costco, Kroger, Krispy Kreme, Lululemon, FedEx, P&G and others

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Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 09:02 AM

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