Finances & Deals: Page 8


  • Kroger Boost expands nationwide
    Image attribution tooltip
    Courtesy of Kroger
    Image attribution tooltip
    Column

    The Friday Checkout: Is Kroger’s uninspiring Q1 a red flag for the grocery giant?

    While the grocer’s CEO projected confidence about the company’s future, the sour reaction from investors could be a sign that they think a bumpy ride is in store.

    By Grocery Dive Staff • June 16, 2023
  • A Dollar General storefront at nighttime featuring the company's signature yellow and black sign
    Image attribution tooltip
    Courtesy of Dollar General
    Image attribution tooltip

    Dollar General cuts guidance, shareholders OK safety audit

    The retailer also plans to slow the opening pace of its PopShelf stores this year.

    By Nate Delesline III • June 1, 2023
  • Cash registers at an Aldi store
    Image attribution tooltip
    Courtesy of Aldi
    Image attribution tooltip

    Aldi says its latest price cuts will save shoppers more than $60M

    The summer promotion reduces the cost of more than 250 items as grocers continue to find ways to support shoppers impacted by inflation.

    By May 26, 2023
  • The exterior of a Walmart store at night
    Image attribution tooltip
    Courtesy of Walmart
    Image attribution tooltip

    Walmart captures nearly 26% of SNAP grocery dollars

    Kroger, which has the second highest share, accounts for 8.4% of yearly SNAP spending, while Albertsons sees 5.9%, according to data from Numerator.

    By May 19, 2023
  • The exterior of a new Target store featuring the company's new design includes large glass panels and the company's red bullseye logo
    Image attribution tooltip
    Courtesy of Target
    Image attribution tooltip

    Target expects $500M profit hit due to theft

    The retailer is implementing additional preventive measures in stores, but expects a major impact to its bottom line if theft and organized retail crime trends continue.

    By May 18, 2023
  • Blue Apron meal kits are now available on Walmart.com
    Image attribution tooltip
    Courtesy of Blue Apron
    Image attribution tooltip

    Blue Apron strikes $50M deal to transition to ‘asset-light’ model

    The meal kit maker plans to transfer fulfillment centers, equipment, expertise and an undisclosed number of employees to FreshRealm, which supplies fresh meals to retailers.

    By May 16, 2023
  • Exterior of Stop & Shop supermarket
    Image attribution tooltip
    Sam Silverstein/Grocery Dive
    Image attribution tooltip

    Ahold Delhaize sees strong US Q1 results with omnichannel, remodeling efforts

    The Dutch grocer is continuing to grow its market share stateside, where it saw a nearly 12% increase in online sales, executives told investors Wednesday.

    By May 11, 2023
  • Grocery Outlet
    Image attribution tooltip
    Jessica Dumont/Grocery Dive
    Image attribution tooltip

    Grocery Outlet revises full-year outlook after robust Q1

    Following a strong first quarter driven by same-store sales results and gross margin expansion, the grocer is bolstering its forecast for fiscal year 2023.

    By May 11, 2023
  • HelloFresh Market add-on items
    Image attribution tooltip
    Courtesy of HelloFresh
    Image attribution tooltip

    HelloFresh hits new quarterly revenue high

    For its North American segment in Q1, the meal kit company’s average order value and orders per customer were up year-over-year while its number of orders and customer growth slipped.

    By April 27, 2023
  • The exterior of a Walmart store at night
    Image attribution tooltip
    Courtesy of Walmart
    Image attribution tooltip

    Walmart+ offering 20K free memberships for Mother’s Day promotion

    The retailer also cut the price of its membership in half ahead of the holiday season to entice more shoppers to join.

    By Nate Delesline III • April 25, 2023
  • Grocery store exterior
    Image attribution tooltip
    Sam Silverstein/Grocery Dive
    Image attribution tooltip

    Grocers launch new SNAP benefits

    Eligible Giant Food shoppers in Baltimore will receive a $15 promo code for online produce orders, while Harvest Market in Northern California is participating in a health food program.

    By April 18, 2023
  • Exterior of supermarket
    Image attribution tooltip
    Courtesy of Coborn's
    Image attribution tooltip

    Coborn’s to buy Sullivan’s Foods

    The company’s deal to acquire the 11-store chain will mark the Minneapolis-based retailer’s expansion to Illinois and brings its store count to 77 locations in six states.

    By April 17, 2023
  • Boxed
    Image attribution tooltip
    Courtesy of Boxed
    Image attribution tooltip

    Boxed files for Chapter 11 bankruptcy

    The company intends to sell its software business while it winds down retail operations over the next several weeks.

    By April 3, 2023
  • Exterior of a Sprouts store
    Image attribution tooltip
    Retrieved from Sprouts Farmers Market on March 20, 2023
    Image attribution tooltip

    Sprouts acquires two stores in Southern California

    The Phoenix-based grocer purchased two independently owned locations bearing its name in Chula Vista, California.

    By March 21, 2023
  • Boxed
    Image attribution tooltip
    Courtesy of Boxed
    Image attribution tooltip

    Boxed considers filing for bankruptcy

    The e-commerce company, which sells bulk-sized pantry items and runs a fresh grocery delivery business in the New York City area, is facing tension with lenders amid a tightening cash position.

    By March 16, 2023
  • A person holding a green shopping basket checks their phone in the freezer isle.
    Image attribution tooltip
    SolStock via Getty Images
    Image attribution tooltip

    What grocery execs are saying about inflation and consumer behavior

    During their most recent earnings calls, leaders at Kroger, Ahold Delhaize and other companies discussed shoppers’ price concerns and how inflation is moderating unevenly across categories.

    By , March 14, 2023
  • Flashfood station in a Meijer store
    Image attribution tooltip
    Retrieved from Meijer.
    Image attribution tooltip

    Meijer and Flashfood expand tie-up to include SNAP payments

    The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app. 

    By March 14, 2023
  • Examining a grocery receipt
    Image attribution tooltip
    LordHenriVoton via Getty Images
    Image attribution tooltip

    States are looking to cut their grocery taxes. Here’s what that means for grocers.

    The taxes not only disproportionately impact lower-income shoppers but can also influence where they buy food and distract from retail differentiation strategies, said Andy Harig with the Food Industry Association.

    By March 13, 2023
  • UNFI
    Image attribution tooltip
    Courtesy of United Natural Foods, Inc.
    Image attribution tooltip

    UNFI’s profits plunge as sales hit a record

    The grocery retailer and wholesaler has slashed its outlook for fiscal year 2023 and is implementing a “transformation agenda” to improve its performance, CEO Sandy Douglas said during an earnings call Wednesday.

    By March 8, 2023
  • A Blue Apron box on a kitchen counter.
    Image attribution tooltip
    Scott Eisen via Getty Images
    Image attribution tooltip

    Blue Apron has a plan to avoid NYSE delisting

    The meal kit maker has until June 21, 2024, to address its global market capitalization listing standard deficiency and until June 21, 2023, to fix its share price listing standard deficiency.

    By March 3, 2023
  • A Sprouts Farmers Market store in the Seattle area
    Image attribution tooltip
    Jeff Wells/Grocery Dive
    Image attribution tooltip

    Sprouts accelerates rollout of smaller stores

    The retailer plans to open at least 30 locations in 2023, all of which will be based on its newer format, and to close 11 larger ones based on its legacy design, executives said Thursday.

    By March 3, 2023
  • private labe
    Image attribution tooltip
    Christopher Doering/Grocery Dive
    Image attribution tooltip
    Column

    The Friday Checkout: Private brands shine in grocery earnings

    The CEOs of Sprouts, Kroger and Dollar Tree recently told investors they plan to expand their store brands, noting their private label lines are resonating with inflation-weary consumers. 

    By Grocery Dive Staff • March 3, 2023
  • Screenshot of Shef's website.
    Image attribution tooltip
    Retrieved from Shef on February 28, 2023
    Image attribution tooltip

    Homecooked meals marketplace Shef raises $73.5M, plans nationwide expansion

    The company is now accepting applications from cooks across the country to sell their meals on the platform.

    By March 1, 2023
  • Exterior of SpartanNash micro-fulfillment center in Caledonia, Michigan
    Image attribution tooltip
    Permission granted by SpartanNash
    Image attribution tooltip

    SpartanNash’s comps rise but earnings plummet

    For fiscal year 2022, the grocery distributor and supermarket operator recorded net earnings of $34.5 million, down over 50% from the prior fiscal year.

    By Feb. 24, 2023
  • Customer shopping for produce with a reusable bag
    Image attribution tooltip
    AlenaPaulus via Getty Images
    Image attribution tooltip

    Consumers believe inflation is much higher than it really is

    U.S. shoppers assume food-at-home prices are going up at twice their actual pace and overestimate grocers’ profitability, per Dunnhumby’s latest Consumer Trends Tracker.

    By Feb. 15, 2023