SWY

Safeway’s Earnings Beat But the Grocer Remains Weak

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Grocery store chain Safeway (click ticker for report: ) reported soft third-quarter results Thursday morning. Revenue slipped 0.2% year-over-year to $10 billion, slightly worse than consensus expectations. Earnings from operations grew 18% year-over-year to $0.45 per share, a few cents better than consensus estimates. As we’ve noted several times, and specifically with respect to Supervalu (click ticker for report: ), the grocery segment remains under intense pressure from warehouses and discounters. Same-store sales in the quarter ticked-up 0.1%, compared to the 6% same-store sales growth we saw from Costco (click ticker for report: ) yesterday. However, the firm noted that same-store sales in the fourth quarter are currently running at 1%, driven by the popularity of the “just for U” … Read more

Search Dividend Reports by Company Name: Q to Z

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Going forward, please use the ‘Symbol’ search box to download stock and dividend reports of companies you are interested in. The ‘Symbol’ search box can be found in our website header. Image shown from above. Use the active search box in the website header above. Learn more about your membership >>  Note: We have now discontinued this list. Please use the ‘Symbol’ search box in the website header for stock and dividend reports. Please read about our Valuentum Dividend Cushion score (ratio) here. Just having access to this valuable metric alone could save your income portfolio thousands of dollars! The past meets the future as we showcase the Valuentum Dividend Cushion scores of Dividend Aristocrats in this article (click here). The dividend reports below … Read more