Equity Research on Safeway Inc. and The Kroger Co. - Grocery Stores Battling Hard for Market Share Gains
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Grocery stores, such as Safeway Inc. and The Kroger Co., have been seeing mixed trends recently. Input costs have eased somewhat during the first half and for a few months consumer confidence appeared to be gaining strength. However, the continued volatility in the world economy and a stagnant jobs market seems to be staling consumer confidence somewhat. Get your free reports on and at . There is no commitment to join.
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Additionally, some industry players have suffered at the hands of unfavorable currency exchange rates. Safeway recently reported second quarter net income of $122.7 million, down from last year's $145.8 million. Nevertheless, during the quarter the company posted earnings per share of 50 cents, up from 41 cents a year ago, as its outstanding share count decreased by around 32 percent. report is accessible for free by registering today at
Meanwhile, Kroger seems focused on expanding its market share at present and has been employing price cuts to do so. The company recently announced the launch of its "New! Low Prices" campaign which includes price cuts on over 10,000 items, though it will only apply in certain stores. report is accessible for free by registering today at
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Datum: 02.08.2012 - 12:10 Uhr
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