A flurry of sales and earnings forecast revisions by food retailers during the last 10 days slammed industry stocks and raised more questions about how the inflationary environment is altering consumers' shopping habits. Safeway, Supervalu, Delhaize and Costco all tempered their near-term outlooks for growth in either sales or profits, or both. “Everyone is saying the same thing — that customers are changing their behavior, and that is having an impact,” said Meredith Adler, an analyst ...
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 complimentary access to the SN salary survey data tables.
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.