10.08.2017 12:20:00
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Technical Reports on Grocery Stores Equities -- Kroger, Whole Foods Market, SUPERVALU, and Sprouts Farmers Market
NEW YORK, August 10, 2017 /PRNewswire/ --
If you want a Stock Review on KR, WFM, SVU, or SFM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Grocery is a zero-sum game with a finite number of consumers and only so much food spending for stores to capture, but food is sold in more places than ever today. This massive retail build-out is taking a toll on earnings and leaving the Grocery industry vulnerable to store closures, according to The Wall Street Journal. In today's pre-market research, DailyStockTracker.com scans the most recent performances of The Kroger Co. (NYSE: KR), Whole Foods Market Inc. (NASDAQ: WFM), SUPERVALU Inc. (NYSE: SVU), and Sprouts Farmers Market Inc. (NASDAQ: SFM). Learn more about these stocks by downloading their comprehensive and free reports from DailyStockTracker.com member's area at: http://dailystocktracker.com/register/
Kroger
On Wednesday, shares in Cincinnati, Ohio headquartered The Kroger Co. saw a slight decline of 0.79%, ending the day at $23.94. The stock recorded a trading volume of 5.60 million shares. The Company's shares have advanced 5.79% in the last one month. The stock is trading below its 50-day moving average by 4.01%. Moreover, shares of Kroger, which together with its subsidiaries, operates as a retailer in the US, have a Relative Strength Index (RSI) of 41.09.
On July 12th, 2017, Kroger announced the appointment of Liz Ferneding to Ruler division President, effective July 31st, 2017. She succeeds Paul Bowen, who retired in May. Ms. Ferneding is a graduate of the Farmer School of Business at Miami University and joins the Company from ALDI, where she has served in a variety of leadership roles for the last 11 years, including an international assignment in Australia. KR complete research report is just a click away at: http://dailystocktracker.com/registration/?symbol=KR
Whole Foods Market
Shares in Austin, Texas headquartered Whole Foods Market Inc. ended the day flat at $41.85 with a total trading volume of 3.95 million shares. In the previous three months and since the start of this year, the stock has gained 15.45% and 36.05%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 3.92% and 24.09%, respectively. Furthermore, shares of the Company, which operates natural and organic foods supermarkets, have an RSI of 67.24.
On July 26th, 2017, Whole Foods Market reported results for the 12-week third quarter ended July 02nd, 2017. For Q3 2017, total sales increased 0.6% to a record $3.7 billion, and comparable store sales decreased 1.9%. Net income was $106 million; diluted earnings per share were $0.33; and EBITDA was $293 million. The Company also produced operating cash flow of $277 million and free cash flow of $145 million during the quarter.
On August 07th, 2017, research firm Tigress Financial downgraded the Company's stock rating from 'Buy' to 'Neutral'. The complimentary report on WFM can be downloaded at: http://dailystocktracker.com/registration/?symbol=WFM
SUPERVALU
At the close of trading on Wednesday, shares in Eden Prairie, Minnesota headquartered SUPERVALU Inc. finished 1.16% lower at $22.98 with a total trading volume of 639,088 shares. The stock has advanced 2.59% in the last one month. The Company's shares are trading below their 50-day moving average by 5.22%. Additionally, shares of SUPERVALU, which together with its subsidiaries, operates as a grocery wholesaler and retailer in the US, have an RSI of 41.71.
On July 25th, 2017, SUPERVALU reported Q1 FY18 results. Net sales for the quarter were $4.00 billion, net earnings from continuing operations were $12 million, and gross profit was $551 million. For Q1 FY18, selling and administrative expenses were $484 million; net interest expense was $43 million; and income tax expense was $14 million. Sign up for your complimentary research report on SVU at: http://dailystocktracker.com/registration/?symbol=SVU
Sprouts Farmers Market
Phoenix, Arizona-based Sprouts Farmers Market Inc.'s shares recorded a trading volume of 1.77 million shares at the end of yesterday's session. The stock closed the day 1.85% lower at $23.89. The Company's shares have advanced 1.36% in the past month, 1.10% in the previous three months, and 26.27% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.59% and 10.64%, respectively. Additionally, shares of Sprouts Farmers Market, which provides fresh, natural, and organic food in the US, have an RSI of 47.15.
On August 03rd, 2017, Sprouts Farmers Market reported results for the 13-week Q2 ended July 02nd, 2017. Net sales for Q2 2017 were $1.2 billion, net income was $41 million, and diluted earnings per share were $0.29. The Company also reported comparable store sales growth of 1.4% and two-year comparable store sales growth of 5.5% for the quarter.
On August 04th, 2017, research firm JP Morgan upgraded the Company's stock rating from 'Neutral' to 'Overweight'. Get free access to your research report on SFM at: http://dailystocktracker.com/registration/?symbol=SFM
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