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When Kroger introduced Greg Foran as its CEO earlier this year, the supermarket chain drew accolades for its decision to hire a new leader who had distinguished himself by turning around Walmart's U.S. operations.
But beyond his background as a senior executive at the world's largest retailer, Foran brings Kroger another ******* et that could prove pivotal as he strives to work the same magic at Kroger that he did at Walmart: experience working outside the United States.
Ahead of joining Kroger in February, Foran served as CEO of Air New Zealand. And before his promotion to head Walmart's stateside division in July 2014, Foran was president and CEO of Walmart Asia, a role he ******* umed after running Walmart's China unit. Earlier in his career, he held multiple positions at Australia-based retailer Woolworths Group, which runs stores in that country and New Zealand.
The perspective people develop over years working in other countries' retail sectors can give an edge over grocers that have not looked as far afield for leaders, industry ******* ysts said.

#grocery #daily #retailer

A former grocer is joining the chorus of criticism against New York City Mayor Zohran Mamdani's plan for government-run grocery stores, arguing it would harm hundreds of small businesses forced to compete with them.
"That supermarket will just bleed red the entire time it's open, from the first time you turn the key until it closes," Rep. Mike Rulli, R-Ohio, told Fox News Digital. "And I would bet the farm there's no way these grocery stores last more than five years — they might not even last a year."
Rulli grew up with his family's Ohio-based grocery store chain, Rulli Brothers, which is now run by his brothers.
Experts Scorch Mamdani's Grocery Plan As An 'Illusion' That Will Have Taxpayers Footing The Bill
New York City Mayor Zohran Mamdani holds up bananas as he speaks at a food distribution center on July 27, 2026, in the Brooklyn borough of New York City.

#city

Just when you think it can't get any worse…A comically pathetic 8th inning turns a possible actual win into just another disheveled loss and the "free fall" stats keep mounting.
It's hard to believe that on June 19th the A's were 38-38, winning percentage that would earn them a spot 1.5 games out of 1st place had they maintained it through this evening. In hindsight, it was probably a relatively poor strategy to go 7-30 thereafter, 5-26 in their most recent 31.
Before continuing, we need to take a moment to appreciate just how "Bad News Bears" the bottom of the 8th inning was. Tasked with holding a 4-3 lead, Hogan Harris began the inning with the obligatory lead off walk. To his credit he was efficient and needed only 4 pitches, cleverly conserving himself so he could offer his greatness to many ensuing batters.
Then he walked the second hitter because walking the first 2 you face has become a reliever's mantra. No fewer than 3 different relievers did that in the same game not too long ago — I would tell you the exact date but the games all blend together now.
In the only normal at bat, JJ Bleday struck out. What followed was somewhat remarkable in that it took blunders from 3 different players to occur. Tyler Stephenson flied to RF deep enough for Elly De La Cruz to tag and go to 3B. Butler's throw was one hop to the cut off man, Jacob Wilson, but Wilson let the ball go through. It went through to 3Bman Tommy White, who fielded the throw by not catching it and the ball rolled to Hogan Harris backing up. Harris looked at the ball, counted the stitches, and thought about his grocery list, but did not call time. So Sal Stewart, who had been anchored to the bag at 1B the entire time, jogged to 2B.

#ball #wilson #games

Shares of Sprouts Farmers Market (NASDAQ: SFM) climbed more than 16% this past week after the natural and organic grocery chain delivered healthier-than-expected financial results in its most recent quarter.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Sprouts' net sales grew 5% year over year to $2.3 billion in its fiscal second quarter, which ended on June 28.
The retailer opened 7 new stores during the quarter, bringing its total to 490 locations across 25 states.
However, Sprouts' comparable sales, which include revenue from stores open for at least 60 weeks, declined by 1%. Sprouts faced difficult comparisons to the prior-year quarter, when its competitors' supply chain disruptions drove additional traffic to its stores.

#quarter #signal #year #total

Fundsmith, an investment management firm based in London, has released its second-quarter 2026 investor letter for its "Fundsmith Equity Fund." A copy of the letter can be downloaded here. The Fund returned -2.9% in the first half of 2026, underperforming the MSCI World Index by 14.1 percentage points, driven by challenges from a momentum-driven market dominated by passive index funds and AI-related exuberance. The letter discusses the rise of passive investing, noting that index funds now resemble active funds, concentrating heavily in a few sectors and stocks. Due to increased market volatility and a 51% portfolio turnover in the first half of the year, the firm plans to adopt a more active approach, incorporating momentum while maintaining its core mantra: buy good companies, don't overpay, and do little. In addition, please check the Firm's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Fundsmith Equity Fund highlighted Uber Technologies, Inc. (NYSE:UBER) as a newly added position. Uber Technologies, Inc. (NYSE:UBER) is a multinational technology company that offers ridesharing, food delivery, freight, and other services. On July 31, 2026, Uber Technologies, Inc. (NYSE:UBER) closed at $70.36 per share, reflecting a market capitalization of $143.22 billion. Uber Technologies, Inc. (NYSE:UBER) posted a one-month return of -2.84%, while its shares lost 20.43% over the past 52 weeks.
Fundsmith Equity Fund stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q2 2026 investor update:
"Uber Technologies, Inc. (NYSE:UBER) – Uber operates a platform that connects users with ride-hailing and food-delivery drivers. It relies on a two-sided network effect: more drivers mean shorter wait times, which attracts more riders, making the platform highly sticky and difficult for local competitors to disrupt. Now that most of these challengers (Karhoo, Sidecar, Juno, Fasten, Hailo, etc.) have disappeared and Uber has survived, the network effects become very attractive. This is shown in the company's cash from operations, which went from -$4.3bn in 2019 to -$445m in 2021 (last year of negative) to $3.6bn in 2023 and over $10bn in 2025. Uber's logistics network is massive, coordinating roughly 42m trips and delivery orders every single day globally. Future growth opportunities include expanding into grocery and package delivery and eventually integrating autonomous (self-driving) vehicles ('AVs') into their fleet to drastically lower costs. Some see AVs as a threat to Uber, but we think it is more likely that Tesla, Waymo, etc., will use Uber's distribution and global licenses to reach customers and maximise their ****** et usage rather than having to get licenses, build an app, and get tens of millions of people to download. ROIC: mid 20s, FCF yield: 7.4%."

#technologies

Shares of Sprouts Farmers Market (NASDAQ: SFM) climbed more than 16% this past week after the natural and organic grocery chain delivered healthier-than-expected financial results in its most recent quarter.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Sprouts' net sales grew 5% year over year to $2.3 billion in its fiscal second quarter, which ended on June 28.
The retailer opened 7 new stores during the quarter, bringing its total to 490 locations across 25 states.
However, Sprouts' comparable sales, which include revenue from stores open for at least 60 weeks, declined by 1%. Sprouts faced difficult comparisons to the prior-year quarter, when its competitors' supply chain disruptions drove additional traffic to its stores.

#sprouts #NVIDIA #signal

Zohran Mamdani stormed into office brandishing the banner of "affordability," and almost singlehandedly pushed the issue to the center of today's political debate. Of all the charismatic, 34-year-old Mayor's initiatives aimed at lowering living costs, the one that's garnered the most coverage is his proposal to get Gotham into the grocery business.
The city-owned food store initiative looks so radical, even for this avowed democratic socialist, because it puts a city in direct competition versus an immense, entrenched private industry. On his other big "affordability" initiatives, providing free bus service and freezing rent on one million apartments, Mamdani's simply using his regulatory and budget powers in the Democratic mayors' traditional vein of tightening price controls on housing and delivering more freebees
This one's different: It's extraordinarily rare for a municipality to challenge local businesses by starting its own enterprises that aim to do the same thing. The only major example: city-backed companies that battle the Verizons and Comcasts to supply broadband. They're all either struggling, or already flopped. Mamdani's predecessor Eric Adams shuttered the $2 billion fiber-optic buildout started a few years earlier under Mayor Bill de Blasio. As for supermarkets, Chicago last year killed plans for a city-owned emporium as impractical. Kansas City, apparently the only major metro ever to open a taxpayer-funded supermarket, ended the failed foray in early 2025.
Hence, Mamdani's plan would probably reign as the biggest push any city's ever made to launch its own business amid a galaxy of private players. The Mayor's identified a big problem. New Yorkers indeed suffer from extremely high prices for everything from chicken to eggs to milk. The city's riddled with "food desert" neighborhoods where residents often can't find much other than processed items nearby, and must travel 20 minutes or more to reach outlets that offer wide choices of fresh foods at low cost.
But that drastic shortage in the metro that ranks among the world's wealthiest is almost totally self-inflicted. Contrary to Mamdani's claim that "the private market alone has not delivered affordable, full-service grocery options," here's the real rub: A web of antiquated regulations—and one in particular that effectively bans big stores where they're needed most—is blocking major chains from deploying billions of their own capital to open far more of the kinds of giant extravaganzas featuring baseball-field length stretches of checkout lanes that bring far lower stickers to the suburbs just beyond Gotham's borders.

#affordability

Interested in Loblaw Companies Limited? Here are five stocks we like better.
Loblaw delivered solid Q2 growth: Revenue rose 4.1% to C$15.3 billion, adjusted EBITDA increased 5.1% to C$1.9 billion, and adjusted diluted EPS climbed 11.9% to C$0.66.
Discount grocery, pharmacy and e-commerce led momentum. Hard-discount comparable sales grew nearly 4%, drug retail sales increased 6.1%, and online sales rose 19.3%; management also sees significant longer-term growth potential from generic GLP-1 medications.
Management maintained an upbeat outlook and boosted shareholder returns. Loblaw reaffirmed high-single-digit adjusted EPS growth for 2026, raised expected share repurchases to C$2.1 billion, and expects store expansion and distribution-center costs to ease in the second half.
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#adjusted #sales

New York City Mayor Zohran Mamdani is facing fresh criticism after taking credit for a reported $104 million increase in delivery worker tips that critics say was made possible by legislation enacted before he took office and will likely only exacerbate cost of living issues in the city.
The criticism comes after Mamdani declared at a press conference Wednesday and in a social media post, "We've put $104 million back in delivery workers' pockets," citing changes to Uber Eats' and DoorDash's apps that made tipping more prominent.
"This is only the beginning," Mamdani wrote.
Those changes stem from a city law approved by the New York City Council before Mamdani became mayor. Former Mayor Eric Adams neither signed nor vetoed the measure, allowing it to become law after 30 days. The rules took effect in January under the Mamdani administration, which implemented and enforced the requirements.
Mamdani's 'Ration Shop' Grocery Plan Faces Blistering Economic Critique As Opponents Blast Socialist Policy

#took #only

Several immigrant business owners are preparing to sue New York City Mayor Zohran Mamdani over his plan for city-owned grocery stores, Fox News Digital confirmed on Wednesday.
The New York Post first reported on Tuesday that the Multicultural Business Coalition's (MBC) board voted to file a lawsuit against the city over Mamdani's plan to open five taxpayer-funded grocery stores that will sell food at prices up to 30% below traditional retailers.
According to MBC Chairman Frank Garcia, the MBC is now planning to send a letter to Mamdani's office in the coming days detailing its upcoming legal plans to protect competing stores, bodegas and other small businesses. If Mamdani does not respond or meet with the organization within the next three weeks, the group plans to take further legal action.
Mamdani Confronted On Failed City-run Grocery Store Attempt In Kansas City, Claims His Plan Will Work
The Multicultural Business Coalition announced efforts to take legal action against New York City Mayor Zohran Mamdani's taxpayer-funded grocery stores.

#mamdani #business #zohran

In the cold chain world, every box of frozen food that lands on a doorstep carries a cost decision made days earlier. One example: five pounds of dry ice, or 15? Undershoot and the product arrives thawed. Overshoot and the brand pays to move weight it never needed.
That calculation, repeated across millions of orders, is the business Grip built. The Miami-based cold chain fulfillment company is now handing its national operation to a 40-year veteran of frozen and refrigerated distribution.
Grip said Tuesday that John Hummel will join as president of Grip Fulfillment, leading the company's national fulfillment operations. For the e-commerce brands that rely on Grip to move pet food, prepared meals and grocery orders, the hire brings proven experience. It's a high-stakes industry: a shipping decision that misses by either too few pounds of refrigerant or a single day in transit eats margin or may even destroy the product.
Hummel served as president of Burris Logistics' Custom Distribution division, where he oversaw five frozen and refrigerated distribution centers and eight direct-to-consumer fulfillment facilities. Earlier he was president of United Natural Foods Inc.'s Central/Southeast Region, running eight distribution centers with more than $6 billion in annual sales. Before that he led operations for 31 distribution centers at Reinhart Foodservice as the company grew from $2 billion to $7 billion.
"I've known Juan since his ButcherBox days, and I've followed Grip's journey ever since," Hummel said. "Joining the team to lead its fulfillment operation is an incredible opportunity."

#centers

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New York City Mayor Zohran Mamdani has unveiled a remarkably straightforward solution to soaring grocery bills: sell food for less.
"Today, I am proud to announce a collection of essential staples that will be predictably 30% cheaper at all five of our city-run grocery stores," Mamdani said (1) at a news conference Monday.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold

#mamdani #finance

Philip's $45,000 household income in Los Angeles is an earnings problem. California's cost of living runs 11% above the national baseline, and average consumer expenditures hit $78,535 in 2024.
At a record 21% APR, carrying medical copays on credit cards makes debt repayment nearly impossible at Philip's current income level.
Ramsey argues Philip moving to full-time work at the national median wage of $1,251 per week would roughly double his household income.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
On July 23, a caller named Philip told Dave Ramsey he could not stop taking on new debt. He is 49, works part-time as a grocery store courtesy clerk in Southern California, and shares a household income of roughly $40,000 to $45,000 with his wife. The debt was credit cards and routine medical bills, copays, doctor visits, dental care. When asked why he was not working full-time, Philip said, "A lot of emotional stuff, a lot of baggage, a lot of... yeah, I have a long history."

#income #time

Coca-Cola (KO) disclosed a ransomware attack suspended Fairlife's U.S. production with no restoration timeline, threatening grocery shelf availability nationwide.
Past food and beverage ransomware attacks on Arizona Beverages and UNFI caused weeks of empty shelves, and Fairlife has few protein dairy substitutes.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coca-Cola didn't make the cut. Grab the names FREE today.
One of the fastest-growing brands in the American dairy aisle just went dark, and a cyberattack is the reason.
In a securities filing on July 16, 2026, Coca-Cola (NYSE:KO) disclosed that its Fairlife dairy subsidiary was hit by a ransomware attack that breached its IT systems, including production-related systems. Fairlife's U.S. production operations are "temporarily suspended," though Canadian operations are unaffected. The Fairlife hack is now rippling toward grocery shelves, and the Coca-Cola ransomware disclosure leaves the key question unanswered: when production comes back.

#suspended

The Supreme Court agreed Monday to hear an appeal from an Alaskan bush pilot whose plane was seized by authorities after they discovered it was bound for a remote, dry village with beer on board.
The appeal from the 82-year-old pilot, Kenneth Jouppi, could have national implications if the 6-3 conservative court limits the ability of state and local governments to rely on ******* et forfeiture. Jouppi claims that the taking of his $95,000 Cessna for what amounted to a six-pack of beer violated the 8th Amendment's bar on excessive fines.
The Supreme Court is likely to hear oral arguments in the case later this year or early next — and hand down a decision by next summer.
"The Excessive Fines Clause of the Constitution was built for cases like this," said Sam Gedge, a senior attorney at the Institute for Justice, which is representing the pilot. "As government agencies increasingly exploit fines and forfeitures to pad their budgets, it's vital that the Supreme Court make clear that the Excessive Fines Clause is a meaningful check on government overreach."
Jouppi says that the Budweiser and Bud Light found on his plane, which was packaged with other groceries, belonged to a passenger. He said that most of it was out of sight, but state police said one six-pack was in plain view inside a grocery bag. One trooper claimed that Jouppi would "have to be blind" not to have seen at least some of the alcohol and that "pilots with that bad of eyesight just don't fly."

U.S. beverage maker Coca-Cola said one of its dairy subsidiaries was hacked and that it's shutting down its operations for the foreseeable future. The multinational giant said in a disclosure with the U.S. Securities and Exchange Commission that its Fairlife dairy company was hit by ransomware and that its production systems are affected. The company said that its Fairlife production operations across the United States are "temporarily suspended."
Fairlife's operations in Canada are unaffected.
Coca-Cola is one of the largest companies in the world, with products spanning carbonated drinks, water, and dairy products. Its Fairlife dairy is one of the company's major brands, with an estimated $4 billion in sales by 2024.
Ransomware attacks on food and beverage companies can have lasting effects. Past incidents at Arizona Beverages in 2019 and food distributor giant UNFI last year resulted in weeks-long disruptions to their respective production lines and empty grocery shelves.
Coca-Cola didn't say when Fairlife's systems would be restored.

Conagra Brands has run up an annual loss of $1.9bn on the back of impairment charges.
The US manufacturer said the $2bn non-cash goodwill and brand impairment charges, recorded in its fourth quarter, were mainly due to a "sustained decline" in its share price and market cap.
The charges were recorded against two Conagra divisions: $215m for Grocery & Snacks and $1.75bn for Refrigerated & Frozen.
The charge meant the Hunt's ketchup maker posted a net loss attributable to the company of $1.92bn for the 53 weeks to 31 May. The year before, it generated a net profit of $1.15bn.
Over the year as a whole, Conagra booked more than $2.9bn in goodwill and other intangible ******* et impairment charges.

DoorDash on Tuesday announced a deeper dive into the retail world by allowing independent merchants on Shopify that also have a physical store to easily add their product catalog to the DoorDash marketplace, further highlighting how it is becoming a competitor to Amazon, Walmart, Uber Eats, Roadie and legion of independent couriers in the on-demand e-commerce delivery **** e.
The delivery platform has been expanding for several years beyond its origin model of delivering restaurant meals into grocery and retail delivery. Last month, DoorDash (NASDAQ: DASH) announced a partnership with Autoparts.com for its gig drivers to deliver parts orders for the online retailer in under an hour.
The Shopify (NASDAQ: SHOP) integration targets small-and-medium sized local businesses as the next growth category. Retailers can add their products to the DoorDash marketplace by enabling a new sales channel within the Shopify app store, with no separate onboarding process, manual catalog uploads or disruption to existing operations, DoorDash said in a news release.
""Merchants want to sell wherever their customers are, and increasingly that means meeting them with speed and convenience," said Atlee Clark, vice president of partnerships at Shopify. "This integration puts local retailers in front of millions of DoorDash shoppers and turns same-day demand into sales, all managed inside Shopify."
DoorDash said products and inventory are automatically aligned in the system so when a customer orders what's on DoorDash always matches what's on the shelf, without the retailer having to manually manage stock levels.

Stu Holden hadn't been recognized by his voice before − he was used to his play on the soccer pitch doing the talking.
That was until 2018, after Holden parlayed his 11-year playing career for one in broadcasting. By that summer, the former midfielder from Texas was calling the World Cup Final in Russia alongside broadcast partner John Strong.
Later that year, he realized they'd become two of the soccer world's most-recognized voices during a trip to the grocery store. His 10-year-old daughter Kenna took off down an aisle, and Holden called after her. One customer's ears perked up; he'd heard that voice on TV.
"You're the guy that called the World Cup," the customer exclaimed.
Now, Holden and Strong are gearing up to call their third straight World Cup Final for FOX on Sunday, July 19 at MetLife Stadium. They took alternate roads to get there. While Holden never considered becoming a broadcaster as a kid, instead representing the U.S. at the 2010 World Cup, Strong hasn't known any other profession.

High grocery prices are creating downstream financial troubles for more Americans.
More than a quarter of US working-age adults who used credit cards to cover grocery costs last year struggled to repay their bills in full later on, either making only the minimum payment or missing that threshold entirely, new research from the Urban Institute has found.
And nearly 1 in 10 relied on "buy now, pay later" loans last year, with a third failing to make their payment, according to a survey of over 7,500 adults ages 18 to 64 conducted in December. Additionally, almost 1 in 20 turned to cash from a payday loan for food.
"Families might be having trouble affording groceries with the resources that they originally intended to purchase groceries with," Kassandra Martinchek, lead author of the report and senior research ***** ociate at the Urban Institute, told Yahoo Finance. "They're relying on credit or cash from payday loans or drawing down savings that they weren't intending to use for groceries."
Grocery prices have risen 2.7% in the past year, according to government data, and are up nearly 32% from pre-pandemic levels.

Joe Dean, who drove a delivery truck for a grocery store in recent years to make ends meet, secured the final spot in the British Open on Monday, July 13
Dean started delivering for a grocery store in 2020 and told reporters on Monday that he “had a great time doing it”
The British golfer is set to marry his caddie, Emily Lyle, on Tuesday, July 21
English golfer Joe Dean, who in recent years drove a delivery truck to make ends meet, punched his ticket to the British Open.
Dean, 32, snagged the final spot in this year’s Open after a dominant performance in the first-ever “Last Chance Qualifier” at Royal Birkdale on Monday, July 13, according to Golf.com and ESPN.

With prices rising, budgets tightening, and increased job security fears, Americans have become cautious about where they buy their groceries.
The Food Industry ****** ociation's (FMI) June Grocery Shopper Snapshot surveyed 1,516 consumers to gather their actual insights. Some key results include:
By a margin of 2 to 1, Americans say they are worse off, as opposed to better off, than they were one year ago with respect to their household finances.
Only 26% of shoppers say they are living comfortably and can save money.
Macroeconomic issues are weighing on shoppers as concerns about inflation (71% very or extremely) and the overall U.S. economy (66%) reached new highs.

Walmart has agreed to pay more than $13 million and overhaul how it communicates pay to delivery drivers in Texas, resolving a state investigation that alleged the retailer misled workers about tips, base pay and incentive earnings through its Spark Driver platform.
The settlement, announced Monday by Texas Attorney General Ken Paxton, provides approximately $6.69 million in restitution to affected Texas Spark drivers while requiring Walmart to pay an equal amount in civil penalties, attorneys' fees and costs to the state. In total, the agreement exceeds $13.3 million.
The settlement resolves allegations that Walmart violated the Texas Deceptive Trade Practices Act through its Spark Driver Program, which provides same-day grocery and merchandise deliveries from Walmart stores and warehouses. Walmart denied any wrongdoing and said the agreement does not constitute an admission of liability.
Spark is Walmart's (Nasdaq: WMT) last-mile delivery platform, connecting independent contractors with grocery and merchandise delivery opportunities from local Walmart stores.
According to the ******* urance of Voluntary Compliance filed in Collin County, Texas, investigators alleged Walmart made misleading representations to delivery drivers dating back to at least 2021 involving three primary categories of compensation: customer tips, base pay and incentive bonuses.

Weight-loss medications have surged in popularity over the last few years, with more than two million people in the UK now using them.
But while drugs like Wegovy and Mounjaro have helped people reduce their weight, they also seem to be reshaping some users' spending habits.
Mounjaro and Wegovy - the UK's most popular weight-loss medications - work by mimicking a natural hormone, GLP-1, which regulates hunger, and those who use them say they find their appetite is reduced.
In June, market research company Worldpanel by Numerator published a study looking at how this affects grocery spending among UK users. The research was based on survey responses and observed purchase data from more than 11,000 households in February.
A key finding was that households with at least one GLP-1 user spent on average £418 less on groceries in the year after they began their medication, compared with non-users.

Chewy, Inc. (NYSE:CHWY) is one of the best stocks to invest in according to Two Sigma Advisors with huge upside potential. On June 23, TD Cowen ***** yst William Kerr named Chewy, Inc. (NYSE:CHWY) as the firm's best small- and mid-cap, or Smid-cap, stock idea for 2026, and at the same time reiterated a Buy rating and a $34 price target on the shares.
Kerr said his firm's endorsement was built around several growth and margin levers it believes Chewy has not yet fully monetized. These include its veterinary care partnership through CVC and Modern Animal, an expanding advertising business, ongoing automation of its fulfillment operations, the Chewy+ membership program, and the integration of generative AI into its platform.
Kerr added that at the time of the note, Chewy was trading at just 6.3 times its enterprise value-to-EBITDA. He described this valuation as attractive given the company's expected EBITDA compound annual growth rate of 15% over the next five years. Put simply, the ***** yst believes the stock is too cheap relative to how fast the business is expected to grow.
The ***** yst also pointed out that as online shopping for pet products continues to grow as a share of total industry sales, Chewy is well positioned to pull customers away from physical competitors. The competitors include local pet stores, traditional retailers, and grocery chains.
The Smid-cap designation places Chewy in a curated list of TD Cowen's top investment picks for companies with a market capitalization generally below $10 billion. This is the firm's annual selection that signals its highest-conviction ideas in that size category.

Generating $7,200 in annual grocery income requires $206,000 at a 3.5% yield, $120,000 at 6%, or $72,000 at 10%, and each tier trades growth for yield.
A frozen 10.7% yield loses real purchasing power as groceries inflate 3% annually, while NEE's dividend grew 33% since 2023 to outpace rising prices.
Hold REITs and BDCs inside an IRA to shield ordinary income distributions from taxes, and compare 10-year total returns alongside current yield before choosing a tier.
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A retired couple's grocery bill is one of the most inflation-sensitive lines in the household budget because it has to be paid every week, not once a year. The USDA's moderate-cost food plan puts a two-person older household's grocery cost in the neighborhood of $7,000 to more than $8,000 a year, depending on age and **** . Food is still getting more expensive, too: the BLS reported that the food index rose 3.1% over the 12 months ending in May 2026.

Kroger (KR) is the largest pure-play supermarket operator in the United States, founded in 1883 and headquartered in Cincinnati, Ohio. Operating approximately 2,800 stores across more than 20 banners — including Harris Teeter, Fred Meyer, and Ralphs — the company serves millions of U.S. families daily through a diversified retail ecosystem spanning combination food-and-drug stores, multi-department outlets, marketplace stores, and fuel centers.
The company's revenue mix is primarily grocery-led, with a growing digital commerce arm, a robust private-label portfolio, pharmacy services, and Kroger Precision Marketing, helping distinguish it in an increasingly competitive grocery landscape dominated by Walmart (WMT), Costco (COST), and Aldi.
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Finland-based sports nutrition company Elite Fitness has a new majority shareholder.
Swedish sports equipment specialist WeSport has struck a deal to buy 65% of Elite Fitness for an undisclosed sum.
In a statement announcing the deal, WeSport said Elite Fitness's founders will stay involved as "significant long-term shareholders".
Established more than 25 years ago, Elite Fitness has built its position in Finland through its main brand, SportLife.
According to WeSports, SportLife "holds the number one position" in powdered sports-nutrition products in Finland's grocery retail market.

SCHD and JEPI anchor a four-ETF stack targeting $4,000 a month, combining dividend growth with covered-call income from mega-cap blue chips.
Social Security's 2.8% COLA barely keeps pace with inflation, and projected reserve depletion by 2033 makes outside income non-negotiable for retirees.
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The 2026 Social Security cost-of-living adjustment came in at 2.8%, which barely keeps pace with what you actually spend at the grocery store. If you are counting on that check alone to fund the next 20 or 30 years of your life, you are gambling with the rent. The fix is simpler than it sounds: build a four-ETF income stack that does the heavy lifting your benefits cannot. The funds in question are Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD), JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI), JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), and Vanguard High Dividend Yield ETF (NYSEARCA:VYM). Used together, they can realistically generate $4,000 a month for a well-sized portfolio, and each one plays a distinct role.
Stanford economists note that Social Security's reserves are on track to run short, with projections showing the surplus gone by 2033 unless something changes. Even if you delay claiming to age 70 for the roughly 8% annual ******* p, you still need outside income. A $4,000-a-month target equals $48,000 a year in cash distributions on top of whatever Social Security delivers. That is the gap these four ETFs are built to close, with different yields, different risk profiles, and enough overlap to smooth out bad quarters.

By Tom Polansek
CHICAGO, July 2 (Reuters) - With U.S. beef prices soaring and supplies tight, the U.S. Department of Agriculture surprised meat producers and traders on Thursday by reporting ‌a spike in the nation's export sales, fueling questions over the accuracy of the data.
The ‌beef export sales, reported in weekly USDA data, included deals that may have taken place months ago, contributing to the sudden increase, the agency told Reuters. Traders said the totals still looked excessive.
U.S. beef exports have declined since 2022 due to high prices and scarce inventories, and an increase could further raise costs for domestic consumers already facing higher grocery bills during the summer grilling season.
Beef prices broke records this year due to ‌strong demand and a persistent drought ⁠that drove U.S. ranchers to slash their cattle herds.