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In This List

Walmex July sales increase 2.9%; Blue Apron, to end collaboration

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Walmex July sales increase 2.9%; Blue Apron, to end collaboration


* Wal-Mart de México SAB de CV said its consolidated sales in July grew 2.9% year over year to 50.96 billion Mexican pesos. The Mexican arm of retail giant Walmart Inc. said total sales in Mexico jumped 3.6% year over year to 41.69 billion pesos during the month.

* Blue Apron Holdings Inc. will end its partnership with Walmart's in the coming weeks as the meal-kit maker attempts to achieve profitability by refocusing on its direct-to-consumer business. The company also reported its second-quarter results and said it narrowed its net loss to $7.7 million year over year from $32.8 million.


* Inc. launched its autonomous delivery robot, Amazon Scout, in Irvine, Calif., after conducting a pilot over the last few months outside of its headquarters in Seattle.

* Membership-based shopping warehouse operator PriceSmart Inc. acquired about 227,000 square feet of land in Costa Rica to build its 46th warehouse club, which is expected to open in the summer of 2020.

* Foodservice provider Aramark posted adjusted EPS of 47 cents, up from 42 cents in the year-ago period and beating the S&P Global Market Intelligence mean consensus estimate for normalized EPS of 45 cents. Separately, Aramark announced the acquisition of on-demand food delivery service Good Uncle for an undisclosed sum.

* Dutch supermarket operator Koninklijke Ahold Delhaize NV's income from continuing operations for the second quarter of 2019 fell 18.2% year over year to €334 million, driven by an €84 million decrease in operating income from the strike at its Stop & Shop stores in New England. Net sales rose 5% year over year, or 1.5% at constant currency, to $16.32 billion, despite the estimated $224 million impact from the 11-day Stop & Shop protests.

* Foodservice distributor US Foods Holding Corp. posted adjusted diluted EPS of 64 cents for the second quarter of fiscal 2019, up from 57 cents year over year and topping the S&P Global Market Intelligence normalized EPS estimate of 63 cents.


* Tata Global Beverages Ltd. reported consolidated net profit of 1.41 billion Indian rupees during the quarter ended June 30, up from 1.28 billion rupees in the year-ago period. The tea and coffee company posted EPS of 1.99 rupees, up from 1.84 rupees last year.

* Moody's affirmed Kirin Holdings Co. Ltd. A3 stable ratings after the Japanese brewer agreed to buy a 30.3% stake in cosmetics-maker Fancl Corp. for ¥129.3 billion.

* Point72 Asset Management, owned by hedge fund investor Steven Cohen, took a 5.1% stake, equivalent to 17,015,704 American depositary shares, in China's Luckin Coffee Inc., according to a filing with the U.S. SEC.


* Japan Tobacco Inc. said it has filed for approval from Japan's finance ministry to raise the prices of its 115 tobacco products in the country in accordance with the planned consumption tax hike Oct. 1.


* Dairy processor Dean Foods Co. posted adjusted loss per share of 36 cents for the second quarter, compared to adjusted EPS of 16 cents in the year-ago period. The company said its results reflected an accelerated decline in its conventional white milk category and added that it also experienced higher dairy commodity inflation.

* New Zealand-based dairy producer Fonterra Co-op Group Ltd. will sell some of its 18.8% stake in China's Beingmate Baby & Child Food Co. Ltd. as part of its turnaround plan.

* Nestlé SA rolled out a range of non-dairy soluble coffee lattes made with plant-based ingredients under its Nescafé Gold brand. The products are initially distributed in the U.K. and Ireland and will be launched subsequently across other markets.


* Pizza chain Papa John's International Inc. posted second-quarter adjusted diluted EPS of 28 cents, marking a 41.7% year-over-year plunge from 48 cents and missing the S&P Global Market Intelligence mean consensus estimate for normalized EPS of 30 cents.


* The U.K.'s Food and Drink Federation, which represents British food companies and trade associations, said it repeatedly asked ministers to waive certain aspects of competition law, which would allow suppliers and retailers to discuss supply or pricing, in the event of a no-deal Brexit, BBC News reported.

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Hershey outpaces S&P 500 Consumer Staples peers in July on strong Q2

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng rose 0.08% to 25,997.03, while the Nikkei 225 fell 0.33% to 20,516.56.

In Europe, around midday, the FTSE 100 rose 0.91% to 7,236.71, and the Euronext 100 gained 1.40% to 1,037.19.

On the macro front

The EIA petroleum status report and the consumer credit consensus are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

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