Kroger warns of rising inflation in the second half of the year, selective consumer spending drags down performance expectations

汇通财经2026/06/18 13:24

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⑴ US supermarket chain operator Kroger maintained its full-year performance forecast on Thursday but warned that inflationary pressures would continue to rise in the second half of the year. As a result, its share price fell by about 8% in pre-market trading. ⑵ The company joined major retailers such as Walmart in noting that consumers are behaving more cautiously. Under the pressure of living costs, consumers tend to make selective purchases rather than buying full baskets, reflecting a general trend in the US retail industry. ⑶ CEO Greg Foran stated that consumers are becoming more frugal in their spending, with stores seeing more promotional visits rather than full-basket transactions. The growth rate of at-home food consumption slowed by about 100 basis points compared to the previous quarter. ⑷ In order to regain market share from more price-competitive rivals such as Walmart and Costco, Kroger has planned to reduce prices on thousands of products, with part of the funding coming from efficiency gains through direct imports and technology applications. ⑸ Kroger maintained its forecast for same-store sales growth excluding fuel at 1% to 2% for fiscal 2026, as well as its profit target of $5.10 to $5.30 per share unchanged. However, its quarterly adjusted earnings per share of $1.58 were slightly below the market expectation of $1.59. ⑹ The quarterly gross margin fell from 23% a year earlier to 22.7%. Higher fuel sales, transportation costs, and ongoing investments put pressure on the profit margin. It is necessary to monitor the effectiveness of the company’s price competition strategy and the ongoing impact of changes in consumer confidence on the retail sector.

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BAE Systems won a Lockheed Martin contract to supply electronic warfare systems for F-35 Lightning II fighter jets. Order covers production deliveries for F-35 Lots 20-22. Deal also includes retrofit systems to modernize older aircraft in the global F-35 fleet. BAE Systems has delivered more than 1,500 F-35 electronic warfare systems to date. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BAE Systems plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610061000PR_NEWS_USPR_____NE64821) on October 06, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/06 14:01

BUZZ-AMC shares rise after completing $3.97 billion debt refinancing

On October 6, cinema chain AMC Entertainment (AMC.N) shares rose 3.5% to $2.89. AMC completed a $3.97 billions refinancing, covering about 97% of its debt. The transaction extends the maturity dates of nearly all its debt to October 2031 and October 2033, and reduces its capital costs. The company repaid its existing term loans and refinanced debt maturing in 2029, thereby simplifying its capital structure. AMC’s new loan structure includes $2 billions of first-lien notes maturing in 2031, $850 millions of first-lien term loans, and $1.12 billions of second-lien loans from the Deutsche Bank’s Special Situations Group. Proceeds from the deal will be used to repay several debts maturing in 2029 and 2027, as well as to provide loans to its subsidiary Odeon Finco. AMC has reported annual net losses every year since 2018, which has compounded its heavy debt burden and financing costs. As of the last trading day’s close, AMC shares have increased 83.65% so far this year.

路透社•2026/10/06 13:56