KQED Nightly Business Report September 9, 2016
Definitely being strained. The latest is super value. That grocer cut its profit outlook for the year in large part because of food price deflation but also because of increased competition. And that sent shares of super value down 9. 5 in trading today. Its not just super value. Yesterday we reported that Sprouts Farmers Market cut its guidance because of significant ongoing deflation. Californiabased smart and final stores cut its outlook in july for the same reason, and Dollar General also mentioned deflation as a threat on its Earnings Call last month. Tomorrow kroger, the countrys largest...