J Sainsbury PLC said Wednesday that it expects to deliver profits for fiscal 2023 toward the upper end of its current guidance following record trading during the Christmas period. The Read more
Tag: Food Retailing
18 stock picks in a ‘Goldilocks’ scenario for U.S. consumers
It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tyson recall: Ground beef contaminated with a ‘mirror-like material’
Tyson Fresh Meats, a division of Tyson Foods Inc. TSN, -1.22%, is recalling 93,697 pounds of ground beef over a possible contamination with a “mirror-like material.” According to the U.S. Read more
Albertsons dividend hearing to take place next week
Judge Ken Schubert of the King County Superior Court in Washington requested a fuller hearing next week on a $4 billion dividend that Albertsons Cos. ACI, +0.93% is seeking to Read more
Biden anti-hunger plan enlists gig companies — whose workers sometimes go hungry
President Joe Biden’s strategy for ending hunger in the U.S. by 2030 is being funded in part by companies whose own workers sometimes can’t afford to buy food. The Biden Read more
Ahold Delhaize lifts guidance, announces $1 billion in buybacks as profit rises
Royal Ahold Delhaize NV on Wednesday raised its full-year adjusted EPS guidance and announced a new 1 billion euro ($1.01 billion) share buyback as it reported a 13% rise in Read more
Grocery Outlet tops earnings estimates, names new CEO
Shares of Grocery Outlet Holding Corp. slid nearly 4% in the extended session Tuesday after the discount grocery reported quarterly earnings above Wall Street estimates and said that it will Read more
Carrefour aims for higher free cash flow as it sets out midterm focus on core markets, cost savings
Carrefour SA on Tuesday set out a plan to step up investment and maintain annual share buybacks from higher earnings, helped by increased cost savings over the coming years. The Read more
Here’s why the Federal Reserve let inflation run up to a 40-year high and how it roiled the stock market this week
This has been a topsy-turvy week for investors as Federal Reserve Chairman Jerome Powell pulled the strings in the stock market with a strong dose of reality. As part of Read more
Walmart vs. Kroger: Compare their prices on milk, bread, eggs and other grocery essentials
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in Read more