Home Business Goldman downgrades Kroger and Albertsons, says inflation will hit grocers' margins

Goldman downgrades Kroger and Albertsons, says inflation will hit grocers’ margins

A woman pushes a cart of groceries to her car outside an Albertson’s store in Denver, Colorado.

Matthew Staver | Bloomberg | Getty Images

The return of restaurants and rising food prices should put pressure on grocery store stocks in the months ahead, Goldman Sachs said in a note to clients on Tuesday.

Analyst Kate McShane downgraded Kroger to sell from neutral and Albertsons to neutral from buy, saying that the companies were likely to be pinched by weakening demand and higher costs.

Most Popular

Deciphering the Belt and Road Initiative

China-BRI-related topics have become some of the most debated academic...

Democrats and Republicans show rare unity in desire to crack down on big tech companies

Democrats and Republicans don't seem to agree on much these days, but a committed group of lawmakers are aligned on one goal: Reining in...

You Won’t Believe How Long Kylie Jenner and BFF Stassie Take to Get Ready for a Night Out – E! Online

Late last year, fans thought she may have taken her "living in the now" approach when it came to suddenly taking her rumored relationship...

Recent Comments