Published 7 months ago

Grocery Wars - Walmart Maintains Dominance With Lowest Prices In December, Target Retains #2 Spot: Analyst - Target (NYSE:TGT), Albertsons Companies (NYSE:ACI), Kroger (NYSE:KR), Amazon.com (NASDAQ:AMZN)

Summary by Ground News

USDA expects food inflation/(deflation) to be in the range of (2.0%)-4.7% in 2024 vs. 5.7%-5.9% in 2023. Telsey Advisory Group analyst Joseph Feldman forecasts grocery sales to moderate in the fourth quarter and early 2024.

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Grocery Wars - Walmart Maintains Dominance With Lowest Prices In December, Target Retains #2 Spot: Analyst - Target (NYSE:TGT), Albertsons Companies (NYSE:ACI), Kroger (NYSE:KR), Amazon.com (NASDAQ:AMZN)

Telsey Advisory Group analyst Joseph Feldman forecasts grocery sales to moderate in the fourth quarter and early 2024 due to the expected further easing of inflation and/or deflation. The US Department of Agriculture (USDA) expects food inflation/(deflation) to be in the range of (2.0%)-4.7% in 2024 vs. 5.7%-5.9% in 2023. This comes with food-at-home inflation/(deflation) of (5.3%)-4.6% in 2024 vs. 4.9%-5.1% in 2023. Based on recent comments fro…

7 months ago·New York, United States

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