For fiscal 1Q18, Kroger (KR) is expected to register YoY (year-over-year) growth of 3.3% in its top line and reach $35.7 billion.
Kroger’s (KR) sales comps turned negative in fiscal 4Q17. It cited deflation as the key reason, but analysts have also pointed to rising competition.
Kroger (KR) has done reasonably well lately, having survived an intensely competitive retailing environment over the past few years.
Kroger (KR) will report its fiscal 1Q18 results on June 15 and is expected to post an 18.6% fall in EPS to $0.57 and total sales of $35.7 billion.
The most important factor that’s impacting settlement payments under the MSA is US cigarette consumption. People don’t smoke that much anymore.
Of the 20 analysts covering J.M. Smucker stock, 25.0% rated it as a “buy,” 60.0% rated it as a “hold,” and 15.0% rated it as a “sell” as of June 8, 2017.
Despite benefiting from the cost-cutting program, J.M. Smucker’s adjusted gross margin fell by 20 basis points to 37.5% during fiscal 4Q17.
J.M. Smucker’s (SJM) fiscal 4Q17 top line of $1.8 billion fell 1% YoY (year-over-year) but was marginally ahead of Wall Street’s consensus estimate.
J.M. Smucker reported higher fiscal 4Q17 results for the quarter ending on April 30. Its adjusted EPS of $1.80 was ahead of analysts’ estimate of $1.72.
The J.M. Smucker Company (SJM) posted its fiscal 4Q17 results on June 8, 2017. After the results, J.M. Smucker stock fell ~2% and closed at $128.51.
On June 7, 2017, Kraft Heinz (KHC) was trading at a 12-month forward PE (price-to-earnings) ratio of 24.8x, which is higher than its peers.
Analysts covering Mondelēz International (MDLZ) stock have a consensus rating of 2.1 on a scale of 1.0 (or strong buy) to 5.0 (or strong sell).
Packaged food manufacturers are struggling to accelerate sales as consumers shift toward well-being foods weigh on financials.
Packaged food manufacturers are leaving no stone unturned to drive margin growth as accelerating sales growth has remained tough.
Food manufacturing companies are relying on streamlining operations, generating productivity, and cost savings to drive bottom-line growth.
Weak volume trends due to the consumer shift toward fresh and wholesome foods and delayed tax refunds hurt major food manufacturers in 1Q17.
CASY’s fiscal 4Q17 operating expenses increased 11.4% to $292.6 million, primarily due to a rise in wages and payroll taxes.
Casey’s General Stores (CASY) is currently trading at a one-year forward price-to-earnings ratio of 22.7 versus its three-year average of 21x.
Casey’s General Stores’ (CASY) fiscal 4Q17 average margin for the Grocery and Merchandise segment stood at 31.1%, down 100 basis points from fiscal 4Q16.
For fiscal 2017, CASY’s same-store sales grew 4.8% while total sales expanded 8.3% to $953.4 million.