SUPERVALU (SVU) expects the inclusion of Associated Grocers to enhance wholesale business performance. However, industry-wide headwinds have been plaguing the retail segment.
Shares of Kroger (KR) surged on Thursday after the company reported third-quarter earnings that helped show investors it might be ready to compete against the likes of Amazon (AMZN) and Walmart (WMT). Kroger's performance helped lift almost the entire grocery industry, as shares of fellow grocers, including Costco (COST), surged.
SuperValu (SVU) reported earnings more than a month ago. What's next for the stock? We take a look at earnings estimates for some clues.
We remain encouraged about food stocks' performance, given the favorable economic indicators.
SUPERVALU (SVU) is likely to beat earnings estimates in second-quarter fiscal 2018. The company remains committed to its wholesale operations.
When the deal was announced in mid-June, Costco stock fell off a cliff from $180 to $167 a share. Since then, Costco stock has just continued to slide lower. Amazon is cutting prices at America’s premier grocery story. The net result is increased traffic at Whole Foods and lower traffic at traditional grocers like Kroger Co (NYSE:KR), Sprouts Farmers Market Inc (NASDAQ:SFM), and Supervalu Inc. (NYSE:SVU).
SUPERVALU (SVU) is making efforts to expand its retail banners and develop its wholesale operations in order to boost sales amid tough competitive pressure and lower store traffic.
The Zacks Analyst Blog Highlights: Kimberly-Clark, SUPERVALU, Pinnacle Foods and Altria Group
Improved economic conditions and rising consumer confidence favor the consumer staples sector. However, competitive pressure weigh down on some of the stocks.
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Though SUPERVALU (SVU) has been witnessing difficulties in delivering growth of late, we believe that the company's wholesale business will drive the momentum further and boost its near-term results.
Let us take look at SUPERVALU, Inc. (SVU) and see if it can be a good choice for investors.
Food and beverage company Mondelez International, Inc. (MDLZ) stated that a global cyber attack which wreaked havoc across Europe and the U.S. at the end of June will impact its revenues in the second quarter.
With the help of our new style score system, we have identified that SUPERVALU, Inc. (SVU) can be a good choice for value-oriented investors right now, as the stock carries a Zacks Rank #2 and flaunts a Value Score of A.
To arrive at the best value picks, we have shortlisted consumer staple stocks that have a Zacks Rank #1 or 2 with a Value Style Score of 'A'.
SUPERVALU (SVU) recently announced the completion of Unified Grocers acquisition, which was announced on Apr 10.