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March 7- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported a quarterly profit that easily topped Wall Street's expectations after it lured customers from rivals. The results from the Cincinnati- based grocer, which operates the Kroger, Ralphs, Smith's and Food 4 Less chains, sent shares up more than 3 percent in early trading.
March 7- Kroger Co, the biggest U.S. supermarket operator, said on Thursday it swung to a quarterly profit after total sales matched Wall Street's view. The Cincinnati- based grocer, which operates the Kroger, Ralphs, Smith's and Food 4 Less chains, reported fourth-quarter net earnings of $461.5 million, or 88 cents per share.
U.S. stock index futures held modest gains Thursday, with the Dow looking to log another all-time high, fueled by a better-than-expected weekly jobless claims report.
March 6- Safeway Inc issued a 2013 forecast on Wednesday that suggests the grocery store operator will surpass Wall Street's expectations, and its shares rose to their highest level in nearly two years.
Following are the events on Jim Cramer's radar as he develops strategy for the week ahead.
Stocks pared their losses in the final hour of trading Thursday to close off their lows, with the S&P 500 clawing back above the widely-watched 1,500 level.
Feb 21- Safeway Inc said Thursday a new personalized discount program boosted sales in the first quarter of 2013 compared with the fourth quarter, sending shares up nearly 14 percent on the New York Stock Exchange.
Feb 21- Safeway Inc, the second largest U.S. supermarket chain, reported higher-than-expected profit on Thursday, helped by new shopper loyalty programs, sending its stock up nearly 6 percent.
Feb 21- Safeway Inc, the second-largest U.S. supermarket chain, on Thursday reported higher profit, helped by its new shopper loyalty programs. The operator of supermarkets such as Safeway, Vons and Dominick's said fourth-quarter income from continuing operations was $244 million, or $1.06 per share, up from $215.6 million, or 67 cents per share, a year earlier.
Shares of the company, which operates some 200 stores in eight states in the southeastern U.S., closed up $2.46, or 6.6 percent, at $39.50 on the New York Stock Exchange. Large grocery chains like Kroger Co, Publix Super Markets Inc and Koninklijke Ahold NV are likely to take a look at Harris Teeter, the two sources said.
Take a look at some of Monday midday movers:
Who says buy and hold is dead? There’s at least one stock that seems to do nothing but slowly power higher, said Cramer.
Take a look at some of Tuesday's midday movers:
This contributor explains why he likes Whole Foods, but has some concerns.
Starbucks' deal with Square could be the biggest threat Visa and MasterCard have ever faced, says one TheStreet.com contributor.
*Group to take up to 30 percent of remaining Supervalu. Jan 10- Supervalu Inc struck a $3.3 billion deal to reduce its burdensome debt by selling five of its supermarket chains to an investor group led by Cerberus Capital Management LP, the No. 3 U.S. grocery store operator said on Thursday.
*Group to take up to 30 percent of remaining Supervalu. Jan 10- Supervalu Inc struck a $3.3 billion deal to reduce its burdensome debt by selling five retail grocery chains to an investor group led by Cerberus Capital Management LP, the No. 3 U.S. grocery store operator announced on Thursday.
*Cerberus group to bid for 30 percent of Supervalu shares. Jan 10- Supervalu Inc, the No. 3 U.S. grocery store operator, struck a deal to sell five of its retail grocery chains to an investor group led by Cerberus Capital Management LP, the company said on Thursday.
Flowers Foods and Grupo Bimbo are circling Hostess assets, according to sources. As many as six separate, binding bids—so-called "stalking horse" bids—for various Hostess units could be announced by the end of this week, these people said.
Stocks ended in negative territory Thursday, with the S&P 500 snapping a six-day win streak, as ongoing jitters over the "fiscal cliff" negotiations kept investors nervous.