Kroger Shares Slide as Grocer Is Battered by Price Fight

15 Juin, 2017, 16:59 | Author: Marc Bacque

For the quarter, sales at established supermarkets fell 0.2 percent for the three months ended May 20. Year-to-date, KR had already declined -11.59% prior to today's report, versus a +9.74% rise in the benchmark S&P 500 index during the same period. Kroger had posted a 13-year streak of growing quarterly sales before the trend downward began.

Kroger Co. shares plunged more than 10 percent Thursday after the company warned investors it would a generate smaller profit this year. The company continues to see same-store sales excluding fuel of flat to 1% growth. Discounter Aldi is opening more stores in the US, and its German rival Lidl is opening its first USA stores this week. "We are committed to providing that experience, and we will not lose on price", declared McMullen.

Alexandria Shooting Suspect Volunteered On Bernie Sanders Presidential Campaign
The group was training for a charity match which is due to take place on Thursday at Nationals Park when they were attacked. Mr Scalise was standing on second base at the Eugene Simpson Stadium Park in Alexandria when he was shot at around 7.30am.


North Korea sanctions-skirting network could be defeated by targeting China firms
The most recent round of sanctions came earlier this month in response to a string of missile tests this year. Tillerson has not yet named any countries that might be affected.


Unemployment just fell for all the wrong reasons
On Friday, when the government releases the jobs report for May, that pattern is likely to extend itself. The unemployment rate ticked down a tenth of a percentage point to 4.3 percent, the lowest since 2001 .


Lower prices, though, cut into companies' profit margins, and in the latest quarter, Kroger's gross margin fell to 22.1% of sales from 23% in the first quarter past year. Kroger is the nation's second-largest food seller after Wal-Mart. Kroger cut its 2017 EPS guidance to $1.74 to $1.79, and its adjusted EPS to a range of $2.00 to $2.05.

(KR) reported a profit for first quarter that decreased compared to the same period past year. One of its most closely watched metrics, identical-store sales, declined 0.2 percent. Analysts polled by Thomson Reuters expected $2.19 a share. Earnings, adjusted for non-recurring costs, came to 58 cents per share, which was a penny more than analysts expected, according to Zacks Investment Research. The company said that those sales turned positive toward the end of the quarter and that it has remained so.

Conseillé:

  • Cobie Smulders, Keegan Michael-Key star in hilarious Friends From College trailer

    Cobie Smulders, Keegan Michael-Key star in hilarious Friends From College trailer

    The series is created, written and executive produced by spouses Stoller and Delbanco, who both attended Harvard. The friend group is back in the first full trailer for the upcoming Netflix comedy Friends From College .
    Microsoft est le champion au jeu

    Microsoft est le champion au jeu "Ms. Pac-Man"

    Après les échecs, après le Go, après StarCraft et même le Poker, voici qu'une IA a battu l'humain à un autre jeu: Ms. Rahul Merhotra, gestionnaire de programme chez Maluuba, a déclaré que la méthode utilisée pour battre "Ms.

    Just the Facts on Eli Lilly and Company (LLY)

    Also, it has an estimated price-earnings (P/E) multiple of 16.07 and a trailing 12-month price-earnings (P/E) multiple of 30.1. Pillar Pacific Capital Management LLC raised its stake in shares of Eli Lilly and Company by 0.3% in the first quarter.
  • Bank of America to lay off more workers

    Bank of America to lay off more workers

    Bank of America has previously said it was on track to meet the goal by 2018. 207 funds opened positions while 479 raised stakes. KeyBanc Capital Markets downgraded TransDigm Group Incorporated (NYSE:TDG) on Wednesday, April 13 to "Sector Weight" rating.

    Dembele scores go-ahead goal, Kane nets two in France vs. England friendly

    England manager Gareth Southgate said: "We are very grateful to the French for offering this tribute to England as a country". It was his astute first-time pass that set up France on their way to a third goal.

    Turkey not taking sides in Gulf dispute: media cites Turkish foreign minister

    Qatari officials did not immediately respond to questions Thursday, though a State Department official connected the two sales. Doha also has begun running cargo shipments from ports in Oman after seeing its sea routes to the UAE's major ports cut off.
  • Britain, EU in suspense

    An agreement to restore devolved powersharing government in Stormont must be reached by the 29 June deadline. She is now seeking an alliance with a hardline unionist party in Northern Ireland to cling on to power.

    Reports say Mueller probe now examining Trump, officials over possible obstruction

    As attorney general, Sessions is unlikely to answer in detail questions about conversations he's had with Trump. Sessions is the most senior member of Trump's administration caught up in the Russian Federation controversy.

    Donald Trump 'investigated over obstruction of justice'

    Trump is not the only one under scrutiny, Barrett said: Investigators are also looking into the finances of Trump associates. Mueller spokesman Peter Carr told NPR's Carrie Johnson, "We'll decline to comment".
  • Mueller probe now examining possible obstruction

    Criticism of special counsel Robert Mueller used to be off limits. This according to a just-released Washington Post report .
    US Federal Reserve raises interest rates by quarter percentage point

    US Federal Reserve raises interest rates by quarter percentage point

    The drop in bond yields sent interest rates lower, which reduces the profits banks can make from mortgages and other loans. She said Americans now have more than a trillion dollars in credit card debt - debt that's getting more expensive.

    US Special Counsel Investigating Trump for Possible Obstruction of Justice

    The Post reported the scope of the probe expanded to include Trump shortly after Comey's dismissal, citing government officials. Comey testified in a Senate hearing last week that he believed he was sacked "because of the Russian Federation investigation".


Populaire

Huawei captures almost 9% market share in Great Britain
Apple accounted for 36.5 percent of smartphone sales in the United States during the period, a 5.8 point increase year-on-year. In urban China, Android captured 83.4% of smartphone sales, up 4.3 percentage points from 79.1% a year earlier.

Annual Charity Baseball Game Still On After DC Shooting
The Kentucky Republican said he was able to get out of the fence. "The only reason I'm here is because I'm trying to get home". Meanwhile, other members who were not injured rushed to the sides of those hit to offer medical assistance until help arrived.

Dollar subdued as Trump probe, weak USA data overshadow Fed
It forecast that prices will rise just 1.6 per cent this year, down from a March forecast of 1.9 per cent. Yellen's term as chair ends in February 2018, and Trump has not said if he would ask her to stay on.

NZers urged to Give Nothing to Racism
She says that while we should be welcome to have a debate on immigration numbers, it should be tempered with caution. Overseas and closer to home, racial intolerance and overt attacks were on the rise.

Windsor Police: Woman Found After Reported Kidnapping, Chase
MA and CT police are searching for two men after a women was abducted early Thursday morning. CT state police chased vehicle to Springfield before the suspects fled, police said.

Deputy Attorney General Rod Rosenstein says there's no cause to fire Mueller
COLLINS: If President Trump ordered you to fire the special counsel, what would you do? "I regret that I do not", Rosenstein said. Rosenstein said "I think the answer is no" but said it would depend on the circumstances.

Notable Moving Stocks: Delcath Systems, Inc. (DCTH)
The stock witnessed 73.53% gains, -40.88% declines and -96.83% declines for the 1-month, 3-month and 6-month period, respectively. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses.

F1 2017: Hamilton Comes Closer To Championship Lead With Canadian GP Win
It was the Mercedes AMG Petronas driver's 56th career win, his third of the season and his sixth at Circuit Gilles Villeneuve . Mercedes were very strong in the race but it is also a different story when you can control the race and the pace, the tyres.

Golden State Warriors Unsure of Champion's White House Visit
However, the Warriors said Tuesday that since the team has not yet been invited to the White House, no decision is yet necessary. CNBC's Josh Brown , among others, said he'd seen reports the Warriors had unanimously voted to skip the White House visit.

North Korea says American student was released on 'humanitarian grounds'
That was the last time Warmbier was seen publicly - and about the same time he fell into a coma , his parents say they were told . North Korea said Thursday that it recently released long-detained American college student Otto Warmbier on humanitarian grounds.