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News Breaks | | | | February 21, 2013 | | 13:09 EDT |  | SWY, KR, HTSI, TFM | Supermarket stocks climb after Safeway's results beat expectations
A number of supermarket stocks are climbing after supermarket chain Safeway (SWY) reported fourth quarter earnings per share, or EPS, that surpassed analysts' consensus estimate by a wide margin. The company's revenue, meanwhile, came in slightly higher than expected. Safeway's same-store sales rose 0.8% compared with the fourth quarter of 2011. In the first eight weeks of the current quarter, the company's same-store sales will be up 2% if the current week ends as expected, Safeway's CEO said on the company's conference call. Safeway's operating profit margin, however, inched up just 0.1 percentage points in the fourth quarter. In early afternoon trading, Kroger (KR) rallied 4% to $29, Harris Teeter (HTSI) advanced 1.50% to $42, The Fresh Market (TFM) climbed 2% to $48.80, and Safeway rallied 13.50% to $23. | |
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News For SWY;KR;HTSI;TFM From The Last 14 Days Check below for free stories on SWY;KR;HTSI;TFM the last two weeks. |
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| May 23, 2013 | | 11:35 EDT |  | HTSI | Harris Teeter among grocers being looked at by Cerberus, WSJ says
 Subscribe for More Information | | | May 22, 2013 | | 14:09 EDT | | HTSI | Harris Teeter sale process continuing, dealReporter says
Subscribe for More Information | | | May 20, 2013 | | 16:01 EDT | | TFM | The Fresh Market names Ackerman CFO
Subscribe for More Information | | | May 15, 2013 | | 06:58 EDT |  | SWY | Safeway re-instated with a Sell at Goldman
Subscribe for More Information | | | May 14, 2013 | | 16:19 EDT | | SWY | Safeway increases dividend 14% to 20c
Safeway announced that its Board of Directors approved an increase to its regular quarterly cash dividend from 17.5c per share to 20c per share, reflecting a 14% increase. The Board also declared a cash dividend of 20c per share payable on July 11 to stockholders of record at the close of business on June 20. | | | 06:45 EDT |  | KR | Kroger price target raised to $38 from $33 at Credit Suisse
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