Wal-Mart, Kroger and Supervalu are among the US retailers presenting at a Barclays sector conference next week. The first-quarter results will continue to roll in, with Kellogg, Kraft Foods Group and Canadian retailer Loblaw part of a group of companies to publish numbers.
Tuesday 30 April
Day one of Barclays’ retail and consumer discretionary conference in New York. US grocer Kroger, which last month claimed it had had an “outstanding” 12 months last year, will present to analysts. Rival Supervalu Inc will also provide an update on its new, smaller business to analysts after another year of falling sales.
Wednesday 1 May
The second day of the Barclays retail summit in New York. The chief of Wal-Mart Stores‘ global e-commerce business will outline how the world’s largest retailer is trying to exploit growing demand for online services.
Over the border, Canadian retailer Loblaw will report its first-quarter results. Last week, rival Metro Inc reported higher second-quarter profits but flat same-store sales and warned of “challenging” trading conditions in the coming months.
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Thursday 2 May
Nordic consumer goods group Orkla will publish its first-quarter results. Flush from the clearance of its acquisition of rival Rieber & Son, the company could provide more detail on plans to grow its FMCG business as it has done twice in the last month.
In the US, Kellogg will book its Q1 numbers. There are concerns among some industry watchers about the prospects for breakfast cereal in the US amid competition from rival products and changing consumer habits. The company’s performance improved during 2012, helped by its acquisition of Pringles, and analysts will want to see if it grow more in line with its long-term targets this year.
Kraft Foods Group is also reporting figures for the first three months of 2013. The US grocery business was formed in October when the old Kraft Foods split in two and Wall Street will be interested to hear how the company plans to grow this year.
Other notable results this week include Q1s from German retailer Metro Group and Canadian food manufacturer Maple Leaf Foods. Kerry Group will publish a trading statement on its performance in the first three months of the year. Meanwhile, US-based group Hain Celestial will report its third-quarter numbers.