Financial news: Page 2
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Ahold Delhaize reports top- and bottom-line growth
First-quarter results, which didn't include the impact of the Stop & Shop strikes, saw higher operating margins and net income while online sales rose 25%.
By Krishna Thakker • May 08, 2019 -
Save-A-Lot reportedly exploring a sale
According to Reuters, the hard discounter has hired an investment bank to look into an acquisition or outside investment as competition and a large debt load drag the business down.
By Jeff Wells • May 07, 2019 -
Publix's profits shoot up in Q1
Net sales totaled $9.7 billion and same-store sales increased 1.9%, though a calendar shift around Easter produced slightly lower-than-expected results.
By Krishna Thakker • May 02, 2019 -
Sprouts beats Q1 estimates, reports 60% delivery growth
The natural grocer said customers are increasingly recognizing it as an omnichannel destination as delivery now reaches all of its markets.
By Jessica Dumont • May 02, 2019 -
Blue Apron trims losses in Q1
Sales and customer count continued to slide as the meal kit company announced a new same-day delivery pilot in the San Francisco Bay Area.
By Krishna Thakker • April 30, 2019 -
Amazon 'morphing' free Prime 2-day shipping to 1 day
The e-commerce giant is investing some $800 million to upgrade the infrastructure for its most-appreciated Prime membership perk.
By Daphne Howland • April 26, 2019 -
Stop & Shop strike hits Ahold Delhaize's bottom line
The company estimates the 11-day strike will impact underlying profit by as much as $110 million.
By Jennifer Sweeney • April 24, 2019 -
Walgreens sees Kroger partnership as a way forward
After reporting its worst earnings since 2014, Walgreens executives said they plan to focus on grocery and other non-pharmacy offerings to boost business.
By Jessica Dumont • April 03, 2019 -
Kroger sells Turkey Hill brand
Private equity firm Peak Rock Capital acquired the CPG business for an undisclosed amount as Kroger focuses on its house brands.
By Jeff Wells • March 20, 2019 -
Costco raises wages as Q2 earnings beat estimates
The retailer announced earnings grew 27% year-over-year and increased its minimum wage to $15 an hour to combat a tight labor market.
By Krishna Thakker • March 08, 2019 -
Target CEO: New grocery structure brings 'significant benefits'
The retailer saw its sixth straight quarter of comps growth in food and beverage, while traffic and overall sales were the best in more than a decade.
By Corinne Ruff , Jeff Wells • March 06, 2019 -
UNFI's integration challenges deepen
Top-line sales beat analysts' estimates but the distributor cut its earnings forecast, citing higher-than-expected integration costs for Supervalu facilities.
By Jeff Wells • March 06, 2019 -
Publix sales surge 3.8% in Q4 despite rising competition
Separately, the Florida-based grocer announced a partnership with Flagler Health+ to establish three telehealth sites at locations in Florida.
By Krishna Thakker • March 04, 2019 -
Kroger's Smith's to stop accepting Visa credit cards
This is the grocer's second banner store that will no longer take the card due to high merchant fees.
By Krishna Thakker • March 01, 2019 -
Sprouts executives pleased with growth in e-commerce and store brands
The natural grocer attributed positive Q4 results to same-store sales and new store performance, but 2019 guidance missed investors' expectations.
By Jessica Dumont • Feb. 22, 2019 -
SpartanNash misses Q4 expectations
A previously disclosed non-cash charge, higher transportation and warehousing costs along with the recent romaine lettuce recall negatively impacted results, the company said.
By Krishna Thakker • Feb. 21, 2019 -
Walmart e-commerce sales grow 43%
The big-box retailer is seeing more customers using its online grocery services and larger basket sizes.
By Corinne Ruff • Feb. 19, 2019 -
Whole Foods has raised prices, but it's not the only one
The retailer's lower-price positioning took a hit as it faces rising manufacturer costs and expiring promotional contracts.
By Lauren Manning • Feb. 13, 2019 -
Smart & Final reportedly exploring sale
The warehouse retailer has reached out to potential private equity buyers, though a deal is not assured, Reuters reported.
By Jeff Wells • Feb. 05, 2019 -
Whole Foods sees uptick in Q4 sales
Amazon reported its physical store sales dropped 3% during the quarter, but gained 6% when factoring in a calendar shift and online shopping at the grocer.
By Daphne Howland , Jeff Wells • Feb. 01, 2019 -
Ahold Delhaize sales jump 2.6% in US as online growth accelerates in Q4
The Dutch-Belgian grocer posted 2018 sales in America of $42.6 billion, a 2.5% drop from a year earlier, but a 1.9% gain when adjusted to constant exchange rates.
By Jeff Wells • Jan. 23, 2019 -
Weis Markets rolls out aggressive price cuts
The Pennsylvania-based grocer has lowered prices on more than 7,000 items as both value chains and high-end competitors threaten its business.
By Jennifer Sweeney • Jan. 22, 2019 -
Retailers brace for busy weekend as February SNAP benefits come early
Despite the federal shutdown, states can disperse next month's $4.8 billion worth of SNAP benefits until Jan. 20, leaving many grocers stocking up in preparation for the rush.
By Kristine Sherred • Jan. 15, 2019 -
Albertsons reports strongest ID sales growth in more than 2 years
Same-store sales for the retailer grew 1.9% for the quarter ended Dec. 1 while its e-commerce business grew 73%.
By Jessica Dumont • Jan. 15, 2019 -
Supreme Court to consider if SNAP sales data should be public
The appeal by the Food Marketing Institute follows a circuit court ruling last year that the data should be made available under the Freedom of Information Act.
By Jeff Wells • Jan. 14, 2019
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