Financial news: Page 2
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Grocery Outlet bursts off the starting block
Its first publicly reported earnings showed strong comps and income growth, with executives confident in the company's future performance and expansion.
By Jessica Dumont • Aug. 14, 2019 -
Sprouts falls flat on Q2 earnings, but retains optimism
The company blamed some of its struggles on expanding and maintaining store productivity simultaneously, but hopes to build on strengths including its bulk section and pricing.
By Jessica Dumont • Aug. 01, 2019 -
Amazon profits miss as expenses surge
The e-tailer's retail offerings performed well leading up to Prime Day while physical store sales — the majority of which are Whole Foods — remained flat.
By Daphne Howland • July 26, 2019 -
Albertsons' new CEO encouraged, wants to elevate performance
On the company's Q1 earnings call, Vivek Sankaran touted a sixth straight quarterly increase in same-store sales while pointing to the importance of technology and store updates.
By Jessica Dumont • July 24, 2019 -
Analysts are a 'go' for Grocery Outlet stock
The discount grocer's unique model, stable business performance and memorable shopping experience point to long-term success, according to reports from Jefferies and Cowen.
By Lauren Stine • July 16, 2019 -
Independent grocery platform Mercato wins new funding
The e-commerce provider, which serves smaller specialty food retailers, plans to use the capital to expand to new markets.
By Lauren Stine • July 03, 2019 -
Kroger earnings stabilize, but long-term prospects remain murky
The retailer reported same-store sales that were below expectations, and said its alternative revenue streams will contribute $100 million in incremental profit this year.
By Jeff Wells • June 20, 2019 -
On IPO day, Grocery Outlet's president talks future vision
The company's stock, which was priced at $22 per share for the initial public offering, roared to life in trading on the Nasdaq Thursday.
By Jessica Dumont • June 20, 2019 -
Grocery Outlet looks to raise $250M in IPO
The discount grocer aims to sell 17.2 million shares of common stock priced between $15 and $17 per share.
By Jessica Dumont • UPDATED: June 10, 2019 at noon -
UNFI beats earnings expectations as Supervalu integration continues
The distributor benefited from higher inflation, but its core business remains challenged by the competitive pressures and shifting consumer tastes its retail customers face.
By Jeff Wells • June 06, 2019 -
BJ's sets its sights on grocery
After shifts to health and beauty, the retailer's CEO Christopher Baldwin said during an earnings call that it plans to double down on the segment, particularly perishable goods.
By Lauren Stine • May 24, 2019 -
Meal kit maker Purple Carrot sold to Japanese e-grocer
The deal includes a $12.8 million upfront payment plus $17 million if Purple Carrot hits unspecified earnings goals over the next three years, according to the companies.
By Jeff Wells • May 22, 2019 -
SpartanNash invests $18.3M in Family Fare re-brand
With two consecutive quarters missing expectations, the grocer-wholesaler is giving the banner a boost with a new look and improved offerings at 18 locations.
By Jessica Dumont • May 21, 2019 -
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
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