NEW YORK, November 4, 2016 /PRNewswire/ --
Stock-Callers.com turns investors' attention to four equities in the Grocery Stores category: SUPERVALU Inc. (NYSE: SVU), Sprouts Farmers Market Inc. (NASDAQ: SFM), Companhia Brasileira de Distribuicao (NYSE: CBD), and Casey's General Stores Inc. (NASDAQ: CASY). Global grocery store and supermarket industry sales total more than $2 trillion annually, with the leading 15 retailers accounting for more than 30% of worldwide sales. Driving demand for companies in this space are population growth and consumer tastes. Sign up today and download for free the research reports for the stocks covered today at:
On Thursday, shares in Minnesota headquartered SUPERVALU Inc. recorded a trading volume of 2.10 million shares. The stock ended the day at $4.10, which was a drop of 1.20% from its previous closing price. The Company's shares are trading below their 50-day moving average by 15.81%. Furthermore, shares of SUPERVALU, which together with its subsidiaries, operates as a grocery wholesaler and retailer in the US, have a Relative Strength Index (RSI) of 26.61.
On October 19th, 2016, SUPERVALU reported consolidated net sales of $3.87 billion compared to consolidated net sales of $4.06 billion in Q2 FY17 and net earnings from continuing operations of $30 million, or $0.11 per diluted share. Net earnings from continuing operations for Q2 FY17 were $31 million, or $0.11 per diluted share.
On October 20th, 2016, research firm Pivotal Research Group reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $8 a share to $7 a share. SVU complete research report is just a click away at:
Sprouts Farmers Market
Phoenix, Arizona-based Sprouts Farmers Market Inc.'s stock finished yesterday's session 11.28% lower at $20.02. A total volume of 13.86 million shares was traded, which was above their three months average volume of 2.68 million shares. The Company's shares are trading below their 50-day moving average by 5.70%. Furthermore, shares of the company, which together with its subsidiaries, operates as a retailer of fresh, natural, and organic food in the US, have an RSI of 36.85.
On November 03rd, 2016, the company reported that net sales for Q3 2016 were $1.0 billion, a 15% increase compared to Q3 2015. Direct store expenses, as a percentage of sales, for Q3 2016 increased 120 basis points to 20.9% compared to the same period in 2015. Net income for the reported quarter was $24 million, down $8 million, or 25% from Q3 2015. Diluted earnings per share were $0.16, a 24% decrease from diluted and adjusted diluted earnings per share of $0.21 for Q3 2015. The complimentary report on SFM can be downloaded at:
Companhia Brasileira de Distribuicao
At the closing bell on Thursday, shares in Sao Paulo, Brazil headquartered Companhia Brasileira de Distribuicao declined 0.44%, ending the day at $17.96. The stock recorded a trading volume of 754,575 shares. The Company's shares have advanced 7.74% in the last one month, 15.72% over the previous three months, and 70.77% on an YTD basis. The stock is trading 7.14% above its 50-day moving average and 27.35% above its 200-day moving average. Moreover, shares of the company, which engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores primarily in Brazil, have an RSI of 53.67.
On October 27th, 2016, the company reported that consolidated net sales reached R$15.1 billion. The company reported consolidated adjusted EBITDA of R$619 million, with margin of 4.1%, an improvement compared to Q2 2016. For Q3 2016, adjusted net loss for the company's controlling shareholders from continuing operations was R$27 million compared to net profit of R$108 million in Q3 2015. Sign up for your complimentary report on CBD at:
Casey's General Stores
Ankeny, Iowa headquartered Casey's General Stores Inc.'s stock ended the day 1.76% lower at $111.27. A total volume of 765,233 shares was traded, which was above their three months average volume of 459,530 shares. The Company's shares are trading 6.00% below their 200-day moving average. Additionally, shares of Casey's General Stores, which together with its subsidiaries, operates convenience stores under the Casey's General Store name in 14 Midwestern states, primarily in Iowa, Missouri, and Illinois, have an RSI of 35.16.
As per notes filed with the SEC on October 28th, 2016, Casey's General issued its 3.72% Senior Notes, Series D, due October 28, 2031, in the aggregate principal amount of $50,000,000, in accordance with and under the terms and conditions of the Note Purchase Agreement dated as of May 2nd, 2016. The Series D Notes bear interest at the rate of 3.72% per annum from the date thereof, payable semi-annually on April 28th and October 28th of each year. Download the research report for free on CASY at:
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