Previous close | 29.39 |
Open | 29.37 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 29.32 - 29.80 |
52-week range | 25.40 - 31.86 |
Volume | |
Avg. volume | 1,981,272 |
Market cap | 27.89B |
Beta (5Y monthly) | 0.22 |
PE ratio (TTM) | 15.59 |
EPS (TTM) | 1.91 |
Earnings date | 07 Aug 2024 |
Forward dividend & yield | 1.22 (4.10%) |
Ex-dividend date | 12 Apr 2024 |
1y target est | 30.60 |
Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance.
Stop & Shop said Friday it will close 32 underperforming grocery stores in the Northeast U.S. by the end of the year. The chain, which is owned by the Dutch supermarket company Ahold Delhaize, said it will close 10 stores in New Jersey, eight stores in Massachusetts, seven stores in New York, five stores in Connecticut and two stores in Rhode Island. Asked by The Associated Press how many people are employed at the 32 stores, Stop & Shop wouldn’t say.
Ahold Delhaize declined to disclose the number of shops affected, saying it would do so later in the year. "Stop & Shop has already evaluated its overall portfolio and will make difficult decisions to close underperforming stores to create a healthy store base for the long term," the group's U.S. CEO JJ Fleeman said during a call with analysts. Stop & Shop, a chain located in the U.S. northeast, is one of the group's five brands in the country and operates nearly 400 stores.