Universe Holdings said it plans to invest $100 million in the Inland Empire market over the next 24 to 36 months, according to Universe Founder and CEO Henry Manoucheri. “With average rents in the Riverside submarket projected to grow 7.9% over the next 12 months and 27% over the next five years, Stonegate Apartments is poised to produce strong returns for the buyer,” said Alexander Garcia Jr., IPA executive director. Rents at Stonegate range from $1,785 for a one-bedroom up to $2,370 for a two-bedroom unit, according to. has a mix of one- and two-bedroom floorplans, plus a fitness center, swimming pool, spa, barbecue area, pet park, playground, covered parking, four laundry rooms and a business center. To read this article on click here.The 160-unit complex 6506 Doolittle Ave. (GO) : Free Stock Analysis ReportĬhewy Inc. Target Corporation (TGT) : Free Stock Analysis Reportĭollar General Corporation (DG) : Free Stock Analysis Report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Early investors stand to make a killing, but you have to be ready to act and know just where to look. Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Looking for Stocks with Skyrocketing Upside? Target ( TGT), also a Zacks Rank #2 stock, has a long-term earnings growth rate of 8.5%.Ĭhewy CHWY has delivered an average earnings surprise of 22.3% in the trailing four quarters. Don’t Miss These Solid Betsĭollar General DG has a long-term earnings growth rate of 11.1% and a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Įncouragingly, the Zacks Consensus Estimate for Grocery Outlet’s sales and earnings for 2020 are pegged at $3.11 billion and $1.48, which, respectively, suggests growth of about 21.7% and 87.3% year over year. Given the company’s solid strategic efforts including a strong store footprint as well as a robust financial show, are likely to continue fueling growth for this Zacks Rank #1(Strong Buy) stock. Markedly, the company is emphasizing on digital marketing. Apart from these, it is focusing on efficient marketing communications, to bolster sales and build dynamic relationships with customers. Prudent deals with suppliers have also been helping the company to generate value for customers. Going ahead, Grocery Outlet is encouraged regarding its strong inventory pipeline and efficient distribution networks. This was the sixth straight quarter of positive earnings surprise for Grocery Outlet. Higher net sales and lower interest expenses contributed to the bottom line. Management highlighted that it witnessed broad-based growth across all regions and categories during the reported quarter. Net sales jumped 17.1% from year-ago quarter’s figure, courtesy of comparable-store sales growth and contribution from 35 net additional stores opened since the end of the third quarter last year. Moreover, it has refreshed its brand image by updating its website, modernizing its logo and adopting new marketing campaign, "Welcome to Bargain Bliss." This is expected to drive customers and keep them well informed about price, quality and service.Īs people continue to dine at home and maintain social distancing, they have been stocking essential items. Its product offering is ever-changing, with constant rotation of opportunistic products, complemented by everyday staple products. This helps the company offer quality, name-brand consumables and fresh products at exceptional values. Speaking of Grocery Outlet’s operating design, it is a flexible sourcing and distribution business model that differentiates the company from traditional retailers. Impressively, the EmeryVille, CA-based company’s shares have appreciated 14.8% so far this year, outperforming its broader Consumer Staples sector’s 0.7% gain and the industry’s 1.5% dip. In addition, it has been capitalizing on store-growth opportunities as management believes that there is a room to establish 4,800 locations nationally, in the long term. We expect comps trend to continue in the future given the company’s compelling value proposition, strength in product offerings and WOW! Deals. Moreover, the company’s comparable-store sales (comps) trend is quite impressive. GO seems to be on a roll, thanks to its unique business model which poises it well for sustainable growth.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |