Karen Short, an analyst with BMO Capital Markets, New York, said Wall Street’s reaction to second-quarter results — a decline in the stock price of 5.7% the day the numbers were announced — was probably due to the chain’s cautious comments on the sustainability of margin expansion in the second half and beyond. That reaction was unwarranted, she noted, “[because] management has a very consistent track record of conservatism, so the upside to guidance is ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.