Finances & Deals: Page 20


  • 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 2, 2019
  • Image attribution tooltip
    Sprouts Farmers Market
    Image attribution tooltip

    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 2, 2019
  • Image attribution tooltip
    blue apron
    Image attribution tooltip

    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
  • Image attribution tooltip
    Stop & Shop
    Image attribution tooltip

    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 3, 2019
  • Image attribution tooltip
    Megan Poinski
    Image attribution tooltip

    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 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 8, 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 , March 6, 2019
  • Image attribution tooltip
    UNFI
    Image attribution tooltip

    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 March 6, 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 4, 2019
  • Image attribution tooltip
    Smith's
    Image attribution tooltip

    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 1, 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
  • Image attribution tooltip
    SpartanNash
    Image attribution tooltip

    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
  • Image attribution tooltip
    Whole Foods
    Image attribution tooltip

    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
  • Image attribution tooltip
    Wikimedia Commons
    Image attribution tooltip

    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 Feb. 5, 2019
  • Image attribution tooltip
    Whole Foods Market
    Image attribution tooltip

    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 , Feb. 1, 2019
  • Image attribution tooltip
    Stop & Shop
    Image attribution tooltip

    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 Jan. 23, 2019
  • Image attribution tooltip
    Christopher Doering
    Image attribution tooltip

    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
  • Image attribution tooltip
    Wikimedia Commons
    Image attribution tooltip

    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
  • Image attribution tooltip
    Alex Hickey
    Image attribution tooltip

    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 Jan. 14, 2019
  • Image attribution tooltip
    Wakefern Food Group
    Image attribution tooltip

    Micro-markets inside health centers could be just what the doctor ordered

    A hospital in Kalamazoo, Michigan this week became the latest health care facility to open a full-service grocery store on its campus.

    By Jennifer Sweeney • Jan. 10, 2019
  • Image attribution tooltip
    Flickr
    Image attribution tooltip

    Stop & Shop to acquire Long Island's King Kullen chain

    The 37-store acquisition will beef up the Ahold Delhaize banner's presence on Long Island, and follows close behind Lidl's pickup of Best Market stores in the hotly contested region.    

    By Jan. 4, 2019