Grocery

Fiscal 2022 is likely to be a transition year for Conagra Brands Inc (NYSE: CAG), as management takes action to combat inflation, against tough COVID-19-related volume comparisons, according to BofA Securities. The Conagra Brands Analyst: Bryan Spillane downgraded the rating for Conagra Brands from...

Kroger Co., (NYSE: KR) America's largest grocery retailer, announced Tuesday that it has entered into an agreement with KNAPP, one of the world's largest innovators in the intelligent automation space, to overhaul its Great Lakes Distribution Center in Delaware, Ohio. Amy McCormick, Kroger's...

Residents of select New York City neighborhoods may feel like they are dreaming, but 15-minute grocery delivery has arrived. JOKR, which has already launched in Mexico City, Lima, Peru, and Sao Paulo, makes its official debut Thursday in the New York boroughs of Manhattan, Brooklyn and Queens....

Albertsons Companies Inc (NYSE: ACI) announced Tuesday morning a new partnership with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to "reinvent the future of shopping." What Happened: Albertsons and Google entered into a new multi-year partnership that leverages Albertsons' 2,253...

Grocery chain Kroger Co (NYSE: KR) reported Thursday morning its fourth-quarter results with management confident enough that recent trends will continue in 2021, offering it an optimistic outlook, Kroger CEO Rodney McMullen said Thursday on CNBC's "Closing Bell." Confidence...

Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return in the past five years is 116.7%. But there is no question some big-name stocks performed better than others along the way. Costco’s Big Run: One...

Grocery chain Kroger Co (NYSE: KR) faces difficult comparisons ahead and the stock's valuation could be pressured by negative identical sales in fiscal 2022. The Kroger Analyst: BofA Securities analyst Robert Ohmes downgraded Kroger's stock from Neutral to Underperform with a price...

Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return in the past five years is 131.9%. But there is no question some big-name stocks performed better than others along the way. Walmart’s Big Run: One...

Costco Wholesale Corporation (NASDAQ: COST) is joining the grocery curbside pickup trend with a pilot program at a few stores in New Mexico. What Happened: According to Costco's New Mexico webpage, consumers can place orders for curbside pickup at three Albuquerque, New Mexico...

Southeastern Grocers announced Thursday its intent to offer 8.9 million shares of its common stock as part of an initial public offering. IPO Details: Existing Southeastern Grocers stockholders will sell 8.9 million shares to the public at a price between $14 and $16 per share. The company...

The grocery sector was among the first segments to see a surge in demand in the early stages of the COVID-19 pandemic and ended 2020 within 1% of 2019 visit levels, according to foot traffic analytics firm Placer.ai. What Happened: Grocery store visits in the first quarter of 2020 were up 4.6% year...

Consumers are spending more time working and eating from home during the COVID-19 pandemic, and these shifts in habits are here to stay, Albertsons Companies Inc. (NYSE: ACI) CEO Vivek Sankaran said on CNBC's "Squawk on the Street" hours after the company reported third-...

Grocers ended 2020 in a better position compared to other retailers and investors are wondering if the momentum can be sustained into 2021. High Note: Seven of the largest grocery nationwide grocery chains saw a year-over-year foot traffic decline of just 2.5% on Dec. 23 and a 1.1% drop on Dec. 24...

Retail giant Amazon.com, Inc. (NASDAQ: AMZN) opened its first Amazon Fresh grocery store in Woodland Hills, California in September, and it's off to a "very impressive" start, according to location analytics company Placer.ai. Strong Start: Amazon's California grocery store...

Shares of Kroger Co (NYSE: KR) fell more than 5% Thursday morning after the grocery chain reported a revenue miss in its third quarter and said online sales growth slowed. Quarter Review: Kroger said it earned 71 cents per share in the third quarter on revenue of $29.72 billion versus...