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grocers posts

Winn-Dixie Trading Lower Despite Topping Analyst Estimates

Posted Aug 31st 2010 9:00AM by Michael Fowlkes (RSS feed)
Filed under: Earnings Reports, Competitive Strategy, Wal-Mart (WMT)

Shares of grocer chain Winn-Dixie (WINN) traded a bit lower in after hours trading, despite the company posting better-than-expected earnings numbers Monday after the close.

Headed into the fiscal fourth quarter report, analysts had been expecting to see earnings of 15 cents per share. Actual earnings easily topped estimates at 25 cents per share. During the same period last year, the company had earnings of 17 cents per share.

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Kroger Fourth Quarter Earnings Preview

Posted Mar 8th 2010 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Earnings Reports, Forecasts, Consumer Experience, Market Matters, Kroger Co (KR), Costco Wholesale (COST), Recession

The earnings season is winding down, but there are still many big name companies due to report, and tomorrow features grocer giant Kroger Co. (KR). Kroger will be reporting its fourth quarter numbers before the market opens.

Going into tomorrow's earnings report, analysts expect Kroger to earn $0.34 per share. Should the company match analyst estimates it would mark a 34% drop from the 53 cents it earned during the same period last year.

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Whole Foods Q1 Results Top Estimates

Posted Feb 17th 2010 8:30AM by Michael Fowlkes (RSS feed)
Filed under: Major Movement, Earnings Reports, Good news, Market Matters, Whole Foods Market (WFMI)

Grocer giant Whole Foods (WFMI) reported its first quarter results Tuesday, easily beating out analyst estimates for the quarter.

As we noted in our earnings preview for Whole Foods, analysts had forecast that the company would be announcing that it earned 26 cents per share during the quarter. Actual results were much stronger, at a reported 32 cents per share.

During the same period last year the company had earnings of 20 cents per share.

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Kroger first quarter earnings preview

Posted Jun 22nd 2009 4:20PM by Michael Fowlkes (RSS feed)
Filed under: Forecasts, Good news, Competitive Strategy, Marketing and Advertising, Kroger Co (KR), Recession

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.

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Safeway: A frugality play, for the new era

Posted Feb 20th 2009 10:15AM by Joseph Lazzaro (RSS feed)
Filed under: Safeway Inc (SWY), Stocks to Buy

Acting boldly in any stock market carries with it considerable risk. Acting boldly in this market, amid the U.S. recession and an unresolved toxic asset situation, and you're looking at a 30-40% haircut up ahead. (Or worse.)

Still, investors capable of tolerating risk would be wise to position themselves in a few defensive plays with decent upside potential. But let's make one thing clear: defensives with an upside are not, strictly speaking, conventional defensive plays. They carry more risk but, one could argue, that risk is reasonable, given the potential for the capital appreciation pop. With the above as a backdrop, grocery chain Safeway (NYSE: SWY) is worth a review.

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Kroger is the defensive play that's right down the street

Posted Jan 2nd 2008 5:58PM by Joseph Lazzaro (RSS feed)
Filed under: Kroger Co (KR), Stocks to Buy

The market's choppy / consolidating pattern continues, suggesting the need for a defensive play or two (or perhaps more) as the new year begins. Further, there are few defensive plays better than a grocery store chain, and in this category Kroger is worth a review.

The Kroger Co. (NYSE: KR) is the nation's largest grocery chain, boasting more than 2,400 stores, with the typical format being food/drug store combination stores.

Analysts see modest sales growth in 2008 of 4-7% but margins should widen, due to Kroger's ability to pass on product cost increases, and a more-modest advertising budget.

In general, analysts also sense that Kroger is in-tune with competitive pressures in the grocery chain segment - - improving customer service levels and the overall shopping experience. Further, look for KR's private label items to play a larger role in revenue, particularly as some consumers switch down to generic brands in 2008 to reduce their food costs. The Reuters FY 2008/FY 2009 EPS consensus estimates for KR are $1.69 to $1.89.

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