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Stockreport

Canada's supermarkets are losing the battle for your grocery bill [Globe and Mail, The (Toronto, Canada)]

Costco Wholesale Corporation (COST)  More Company Research Source: Globe and Mail, The
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
consumers have already massively shifted their grocery shopping away from Canada's supermarket oligopoly. And the big winners include foreign giants such as Walmart and Costco. While Statistics Canada reported a drop in retail sales this week, one big exception was the general merchandise category. Compared to last year, general merchandisers saw inflation-adjusted sales climb 12 per cent, while food and beverage stores suffered a real sales decline of 0.9 per cent. Those numbers don't break out what items shoppers were buying. But retail commodity data released earlier this month by Statscan does, and it shows that food sales at general merchandisers are vastly outpacing those at traditional grocery stores. As of the fourth quarter of 2023, real food purchases at general merchandisers grew nearly 16 per cent from the year before, nearly eight times faster than the pace at food and beverage stores. In fact, for every dollar Canadians spent on food at grocery stores in the four [Read more]

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Stockreport

Canada's supermarkets are losing the battle for your grocery bill [Globe and Mail, The (Toronto, Canada)]

Costco Wholesale Corporation  (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
consumers have already massively shifted their grocery shopping away from Canada's supermarket oligopoly. And the big winners include foreign giants such as Walmart and Costco. While Statistics Canada reported a drop in retail sales this week, one big exception was the general merchandise category. Compared to last year, general merchandisers saw inflation-adjusted sales climb 12 per cent, while food and beverage stores suffered a real sales decline of 0.9 per cent. Those numbers don't break out what items shoppers were buying. But retail commodity data released earlier this month by Statscan does, and it shows that food sales at general merchandisers are vastly outpacing those at traditional grocery stores. As of the fourth quarter of 2023, real food purchases at general merchandisers grew nearly 16 per cent from the year before, nearly eight times faster than the pace at food and beverage stores. In fact, for every dollar Canadians spent on food at grocery stores in the four [Read more]

IMPACT SNAPSHOT
EVENT TIME:
COST
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

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