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Kroger Co. diskutieren
Kroger Co.
WKN: 851544 / Symbol: KR / Name: Kroger / Aktie / Lebensmittel- & Medikamentenhandel / Large Cap /
A Super Market for Kroger
Higher food and gasoline prices are boosting Kroger's top line. The grocer reported its first-quarter sales were up 11.5% from a year ago. Same-store figures increased only moderately less at 9.2%, or 5.8% excluding fuel. Earnings for the quarter grew to $386 million, or $0.58 per share, from $336.6 million and $0.47 per share one year ago. This is growth of 14.7% and 23.4%, respectively, on fewer shares outstanding.
Consumers are certainly mindful of higher prices, and Kroger is being aggressive in pricing and promotion to grow sales. It was an early promoter of stimulus-check deals, offering a 10% discount on gift-card purchases. The company also launched discount programs for purchases of gasoline and generic drugs.
In past quarters, this strategy noticeably affected profit margins. Anyone can boost sales by giving products away, so margins remain the key measure for Kroger. In the first quarter, gross and operating margins were again lower compared with last year, falling by 78 and 2 basis points to 22.92% and 3.31%, respectively. However, excluding gasoline and costs from last year's labor problems, gross margin slipped only 5 basis points and operating margin rose by 2 basis points.
Kroger seems to have confidence in its ability to stabilize these margins. The company upped its previous guidance for fiscal 2008 and now sees sales growth of 4% to 5.5% and earnings growth of 9% to 12%. Accordingly, Kroger raised the lower end of its earnings-per-share guidance to $1.85 from $1.83, with the top end remaining at $1.90 EPS for the year.
Management characterizes recent food inflation as only "moderate." However, because it went such a long time with little or no price increase, it realizes consumers are reacting and changing their behaviors.
It's likely that large supermarket retailers like Kroger, SUPERVALU, and Safeway, as well as the major discounters, are picking up a bigger share of the market, if the market is defined to include restaurants and convenience stores. People are eating more meals at home and better planning their shopping trips.
Private-label offerings are another way Kroger helps its customers handle higher food costs. Typically, private labels are more profitable for retailers than national brands, and Kroger owns and manufactures many of its own products, allowing it to better control supply and profitability. The company carries three different private labels, and its upscale line, Private Selection, has been a key part of this strategy and is expected to produce more than $1 billion in sales this year.
Kroger has been aggressive in an environment where it can pay big long-term benefits. If it can stabilize or even slightly reinflate its profit margins, its increasing top line will continue to drive nice growth in profits.
52 Wochen High
Kroger lässt die Quartalsdividende mit 16,5 US-Cents stabil. Der Konzern aus Cincinnati schüttet auf das Jahr hochgerechnet damit weiterhin 0,66 US-Dollar aus. Dies entspricht beim derzeitigen Aktienkurs von 49,39 US-Dollar (Stand: 26. Juni 2014) einer Dividendenrendite von 1,34 Prozent. Aktionäre erhalten die nächste Auszahlung am 1. September 2014
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Shares of The Kroger Co. reached a 52-week high of $50.20 yesterday following the company’s better-than-expected first-quarter fiscal 2014 results and upbeat outlook. Shares gained over 5% on the index before closing at $49.66. Year to date, the stock has increased 27.4%.
The quarterly results were driven by the company’s Customer 1st strategy and acquisition of Harris Teeter. The company posted earnings of $1.09 per share that surpassed the Zacks Consensus Estimate of $1.05, and surged 18.5% year over year. Total sales (including fuel center sales) grew 9.9% to $32,961 million from the prior-year quarter, and also came ahead of the Zacks Consensus Estimate of $32,636 million. Management stated that excluding fuel center sales, total sales rose 11.4%. Including the most recent quarter, the company has beaten the Zacks Consensus Estimate by an average of 4.4% in the trailing four quarters.
Consequently, management raised its fiscal 2014 guidance. Cincinnati-based Kroger now projects fiscal 2014 earnings in the band of $3.19 to $3.27 per share, up from its earlier predicted range of $3.14 to $3.25. The current Zacks Consensus Estimate for fiscal 2014 is $3.22, which could witness an uptrend in the coming days.
Kroger, one of the largest grocery store retailers, has maintained its strong performance despite a challenging macroeconomic backdrop primarily due to sturdy super market sales growth. Quarterly identical supermarket sales (stores that are open without expansion or relocation for 5 full quarters) excluding fuel center sales, increased 4.6% to $24,949 million.
Kroger now envisions identical supermarket sales (excluding fuel) growth of 3% to 4% for fiscal 2014, up from the previous projection of 2.5% to 3.5%.
Further, management continues to deploy capital to concentrate more on remodeling, merchandising and other viable projects. Moreover, acquisitions including that of Harris Teeter will continue to boost the company’s momentum.
Kroger unterschätzter Lebensmittelgigant
Kroger ist eine der größten Supermarktketten der USA und betreibt dort 2800 Läden.
In den letzten Jahren konnten sowohl Umsatz, als auch Gewinn regelmäßig gesteigert werden. Was zu einem regelmäßigen Anstieg der Dividende führte.
Kroger leidet jedoch unter dem wachsenden Preiskampf der Lebensmittelbranche in den USA, sowie unter steigenden Personalkosten.
Infolge dessen gab das Unternehmen am 15.06 eine Gewinnwarnung raus. Das Amazon einen Tag später die Übernahme von Whole Foods Market bekannt gab, ließ das Unternehmen in der Gunst der Anleger nicht steigen.
Um den entgegen zu wirken kündigte Kroger am 22.06 ein Aktienrückkaufprogramm im Wert von 1 Millarde Dollar an, sowie eine Steigerung der Quartalsdividende
http://www.reuters.com/article/brief-kroger-co-approves-1-bln-share-rep-idUSASA09US1
Meiner Meinung nach ist der Verlust von 1/3 des Marktkapitals zu hoch. Das Unternehmen mit 18,3 Milliarden also zu niedrig bewertet. Whole Food Markets wird im Vergleich mit 450 Läden und 13 % des Umsatzes eine Marktkapitalisierung von 11,6 Milliarden zugesprochen.
https://seekingalpha.com/article/4083669-kroger-world-might-ending-dividend-increase-1-billion-share-buyback?page=2
piccolo90 stimmt dem Crowdsentiment von 'Buy' zu
piccolo90 stimmt am 20.08.2018 dem Buy-Crowdsentiment mit dem Kursziel 40.2$ zu.
SecteurVente au détail et distribution alimentaire Agenda 06/12 | 16:00 Publication de résultats
- distribution de produits alimentaires (95,4%) : activité assurée, au 03/02/2018, au travers de 2 782 supermarchés répartis entre magasins sans stations-service (86,1% du CA ; 1 293) et magasins dotés de stations-service (13,9% ; 1 489) ;
- autres (4,6%) : notamment exploitation de supérettes, de bijouteries et fabrication pour compte de tiers, de produits alimentaires au travers de 37 sites de production (boulangeries et laiteries) implantés aux Etats-Unis.
La totalité du CA est réalisée aux Etats-Unis.
Nombre d'employés : 449 000 personnes.
Traumtanz stimmt der Buy-Einschätzung von melinda zu Kroger zu.
Traumtanz stimmt am 28.11.2018 der Buy-Einschätzung von melinda mit dem Kursziel 31$ zu.
Überschrift: SecteurVente au détail et distribution alimentaireAgenda 06/12 | 16:00Publication de résultats
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