Food Retail

Washington and Wall Street are skilled at utilizing smoke and mirrors to advance their collective agenda. The simple fact is most of our Washington operatives do not understand basic financial concepts. The reality of the situation is that our supposed leaders are content to remain blind to the...

Whole Foods Market, Inc. (NASDAQ: WFMI) reports Q3 earnings of $0.38 versus estimates of $0.38. Whole Foods Market, Inc. reports Q3 revenues of $2.16 billion versus estimates of $2.14 billion. Whole Foods said it sees Q4 EPS of 27c-29c.

The announcement of Safeway Inc.'s (SWY) second quarter results on July 22, 2010, has triggered a downward revision of estimates among analysts. Second Quarter Highlights Safeway reported an EPS of 37 cents, missing the Zacks Consensus Estimate by a penny. The company had reported an adjusted EPS...

Whole Foods Market Inc. (NASDAQ: WFMI) will report earnings after the market closes today.  Analysts expect per-share results of 37 cents, which would be a 12-cent (48%) improvement from year-ago levels.  WFMI has consistently surprised to the upside with its earnings reports, beating analysts’...

The Pantry, Inc. (Nasdaq: PTRY) announced a fuel supply agreement with Marathon Petroleum Company LLC, the refining, marketing and transportation operations of Marathon Oil Corporation (NYSE: MRO). Under the terms of the agreement, Marathon will supply fuel to more than 600 Pantry locations, with a...

Caseys General Stores Inc (NASDAQ: CASY) shares gained 2.88% to $37.55 at 1:11 pm. The volume of CASY shares traded was 1310% higher than normal. After rejecting $1.9 billion takeover offer from Alimentation Couche-Tard Inc, CASY’s board has planned to buyback about $500 million shares. Buffalo...

Safeway (NYSE: SWY) announced today that it is selling $500 million worth of bonds. These bonds mature in 2020. This is important because Safeway is the first food company to sell bonds since July 2009. Shares of Safeway are trading at $20.26, up 19‎ cents or 0.95%‎ in a fairly flat market.

Shares of Great Atlantic & Pacific Tea Inc. (NYSE: GAP) are higher on the session by 4.60%, currently trading at $2.73. The stock recently cratered (dropping more than 30% in a single day) after the company reported horrific earnings. The stock has been moving lower since January, when GAP was...

Cusick’s Corner Today’s market is for the bulls, yesterday was for the bears, and this market is getting more finicky than a cat. Tech and Transports are the leaders going into this rally, which was sparked in the pre-market after T, QCOM, and UPS all announced blockbuster earnings. With the...

In a report released by Jefferies & Co. today, the firm's analysts said that a proprietary survey that they conducted suggests that the name to buy in the supermarket space is Kroger. The analysts wrote that according to the survey, "Kroger's responses were simply bullish, in our opinion, and...

Safeway Inc. (NYSE: SWY) will host a conference call with investors on Thursday, July 22, 2010, at 11:00 a.m. ET (8:00 a.m. PT) to discuss its second quarter earnings. The conference call will be webcast live at http://www.safeway.com/investor_relations. Click on ‘Upcoming Events’ to access the...

Cusick’s Corner The market affirmed today that the downward slope is still in place with no bounce into the After Hours. Folks, this is a traders market. This move today was based on higher volume and involved a larger number of sectors on the downside. We again want to see if the 1050-1040...

J.P. Morgan is out with a research report this morning, where it reiterates its Neutral rating on Safeway (NYSE: SWY) ahead of earnings; it has a $22.00 price target on the stock. The JPM analysts said, “Safeway will report 2Q10 results on July 22nd (BMO). Into the print, we are modeling EPS of $0...

Cusick’s Corner The major indices held up into the After Hours, minus the small caps like RUT. This does not totally dampen the potential for upside, but it is putting traders a little more on the alert. Alcoa (AA) announced and beat by a penny but the market in the After Hours is muted,...