|Bid||24.12 x 300|
|Ask||26.60 x 300|
|Day's range||23.99 - 25.42|
|52-week range||19.69 - 31.45|
|PE ratio (TTM)||11.54|
|Earnings date||13 Jun 2018 - 18 Jun 2018|
|Forward dividend & yield||0.50 (2.10%)|
|1y target est||27.40|
Friday, April 6: Trump wants even more tariffs against China, BlackRock goes anti-gun, 'Black Panther' goes to Saudi Arabia
Though Supervalu’s (SVU) stock has delivered below-average performance this year, Wall Street believes there’s scope for revival. Analysts, on average, are expecting a 69% rise in SVU’s stock price over the next 12 months. The company, which was trading at $14.54 as of April 19, has been assigned a target price of $24.56. Individual target prices range between $14 and $55.
Supervalu’s (SVU) stock has failed to please investors for quite some time now. Poor financial performance and growing pessimism for the food retailer after Amazon’s entry into the space have been some of the key reasons behind SVU’s share price decline. It was reported on April 6 that the company is exploring the possibility of a potential sale after facing pressure from activist shareholders, including Blackwells Capital LLC. SVU’s share price soared on the news and closed 9.3% higher on April 6.
Supervalu (SVU) is slated to report its 4Q18 results on April 24. It’s likely to post a 14% YoY (year-over-year) decline in earnings per share (or EPS). The company’s gross margin is likely to contract further, by ~280 basis points to 12.1% in 4Q18.
Supervalu’s (SVU) total sales are projected to increase 35% YoY (year-over-year) to $3.92 billion during 4Q18, according to Wall Street. As in the first three quarters of the year, growth is likely to be driven by the company’s acquisitions in the wholesale segment. This segment recorded 38.4% growth in business in 9M18, largely driven by the integration with Unified Grocers, which the company acquired last year.
Since the Amazon acquisition, while Whole Foods customers enjoy the discounts, vendors, especially local food makers, feel the headwind.
Kroger Co. said Friday that it has approved a new $1.2 billion share buyback program, in addition to the $1 billion program announced March 15. The grocery giant will use the proceeds from the sale of its convenience store business to EG Group. The sale includes 762 convenience stores including 66 franchise operations across 18 states with 11,000 workers.
Amazon (AMZN) increased Prime program membership fee for monthly subscribers in January, and the upcoming 1Q18 report is expected to reflect the effects of the fee hike. Prime membership comes with numerous benefits, such as free delivery of items purchased on Amazon’s online retail site as well as grocery purchases from Whole Foods Market. Amazon acquired Whole Foods for $13.7 billion last year to bolster its position in the grocery sector, which is largely held by traditional retailers such as Walmart (WMT) and Kroger (KR).
Walmart, Amazon, CVS, Spotify and Apple are the companies to watch.
Kroger Co. is hiring 11,000 workers to improve customer service and efficiency at its thousands of stores as competition among food retailers heats up. Kroger said the new positions at its nearly 2,800 supermarkets will include 2,000 managers and represent a 2% increase to its workforce of about 450,000 full- and part-time employees. Last year Kroger gave voluntary buyouts to 1,300 white-collar workers to cut costs as sales slumped.
Kroger is hiring 11,000 workers, up about 1,000 from last year. The nation's largest grocery chain by revenue is locked in a fierce completion with Amazon.com, which acquired Whole Foods last year, as ...
Kroger is hiring 11,000 workers to improve customer service and efficiency at its thousands of stores as competition among food retailers heats up.
Kroger Co said on Tuesday it would hire 11,000 employees in its supermarket divisions, including Fred Meyer stores and Mariano's Fresh Market, with nearly 2,000 of them for management roles. The hiring ...
The Kroger Co. said Tuesday it is hiring to fill 11,000 positions in its supermarket division, including almost 2,000 management jobs. Jobseekers can apply at jobs.kroger.com, the company said in a statement. ...
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Amazon (AMZN) has dominated many aspects of the retail industry, and it’s now looking to dominate the food sector as well. Its $13.7 billion acquisition of Whole Foods last year clearly revealed its interest in growing its scale in the food business, a retail segment that’s largely controlled by traditional retailers such as Walmart (WMT), Costco (COST), Kroger (KR), and Target (TGT). In a move that’s been viewed as designed to tackle Amazon’s growing threat in the grocery sector, Walmart recently named a grocery industry veteran to lead its Jet unit.