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Stock Market & Financial Investment News

News Breaks
June 19, 2014
11:22 EDTKR, SVU, TFM, SWY, WFMKroger hits 52-week high after increasing guidance
Shares of supermarket operator Kroger (KR) hit a fresh 52-week high after the company's first quarter results surpassed analysts' consensus estimates and it raised its fiscal 2014 earnings per share outlook. WHAT'S NEW: This morning, Kroger reported Q1 adjusted EPS of $1.09 and revenue of $32.96B, topping analysts' consensus estimates of $1.05 and $32.64B, respectively. WHAT'S NOTABLE: The company raised its FY14 adjusted EPS view to to $3.19-$3.27 from $3.14-$3.25, compared to consensus of $3.22. The company's long-term net earnings per diluted share growth rate guidance is 8%11%, plus a growing dividend. Kroger raised its identical supermarket sales growth guidance, excluding fuel, to 3.0%-4.0% for FY14, versus its prior original view of 2.5%-3.5%. On its Q1 earnings conference call, the company said it was seeing strong positive indicators in shopping behavior, with customers exhibiting less cautious spending behavior. It said more customers perceive the economy to be in recovery. For the remainder of the year, the company sees inflation higher than expected. PRICE ACTION: In late morning trading, Kroger rose about 5.5% to $49.89 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $50.20. Including today's advance, the stock is up about 40% over the past 12 months. OTHERS TO WATCH: Other companies in the supermarket space include Safeway (SWY), SUPERVALUE (SVU), Whole Foods Markets (WFM), and The Fresh Market (TFM).
News For KR;SWY;SVU;WFM;TFM From The Last 14 Days
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July 1, 2015
19:48 EDTWFMWhole Foods co-CEOs comment on pricing issues, will implement audit system
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June 30, 2015
14:31 EDTKRKroger announces retirement of COO Mike Ellis
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June 25, 2015
11:35 EDTKRKroger expects an increasing dividend 'over time'
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11:34 EDTKRKroger board approves new $500M share repurchase program
Kroger's board approved a $500M share repurchase program, replacing the prior authorization, which has been exhausted. It is not expected that any purchases will be made under this new Board-authorized plan for the remainder of FY!5.
11:33 EDTKRKroger board approves 2-for-1 stock split
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11:33 EDTKRKroger increases quarterly dividend by 13.5% to 21c
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11:26 EDTKRKroger trading halted, pending news
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June 24, 2015
15:53 EDTWFMSunTrust identifies the most likely M&A activity in specialty retail
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13:39 EDTWFMDCA reports 'systemic overcharging' for pre-packaged foods at Whole Foods
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10:31 EDTWFMNew York probing Whole Foods over alleged overcharging, Daily News reports
New York City has launched a probe of Whole Foods Markets after an investigation conducted by the Department of Consumer Affairs found items for sale at its locations were labeled inaccurately, with many overcharging consumers, according to The Daily News. A Whole Foods spokesman said the company disagrees with the city's findings and is "vigorously defending" itself against the allegations, the report noted. Reference Link
09:21 EDTKRUnited Natural Foods added to Best Ideas List at Wedbush
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June 23, 2015
07:27 EDTKRJefferies to hold a conference
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07:15 EDTSVUOppenheimer to hold a conference
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