Analyst Study On Safeway Inc. And Whole Foods Market Inc. -- Retail Grocers Stagnant
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The country's top retail grocers keep on seeing minimal growth as a recession-fueled price-discounting battle continues. The consumer preference for discounted goods pushed many towards larger wholesale chains. To combat this trend, retail grocers lowered prices to keep pace and are now hesitant to raise them again as the recession has eased.
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,Recent rounds of advertising, increased promotions and market research did provide a spark in 3Q 2010. Some retail grocers have made up ground by increasing their efficiency via improvements to tracking consumer spending. The grocers that best track consumer spending are able to reduce losses incurred from perishable goods going unsold.Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting companies in the grocery stores industry.
Despite an overall consumer preference, a willingness to pay more for organic and locally grown produce is also on the rise. The improved revenues appear to be coming from middle-income families. In 2009, organic foods comprised 3.7% of all food and beverage sales and that number may reach 5% by the end of 2010.
Overall, retail grocers are benefiting from improved consumer spending, advertising and market research efforts but are still struggling to return pricing to pre-recession levels.
On the earnings front this quarter, Safeway Inc. posted $122.8 million as earnings that is a decline of 4.7% as compared to the same quarter in 2009. The decline in profit is mainly due to severance charges and weaker sales. Investors can register today at http://wallstreetequityresearch.com/November162010SafewayInc.(SWY)161110.php to download the full report on Safeway Inc.
Specialty grocer Whole Foods Market Inc., on the other hand, has seen earnings of $57.5 million for the quarter as it continues to attract middle-income consumer spending. Growth in organic foods sales is likely to boost earnings in the near future. Investors can access free research on Whole Foods Market Inc. now by signing up at http://wallstreetequityresearch.com/November162010WholeFoodsMarketInc.(WFMI)161110.php.
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SOURCE: Wall Street Equity Research