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June 16, 2017, 9:51 a.m. EDT

Nearly $29 billion in market cap wiped from Amazon's new rivals in grocery space

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By Steve Goldstein

Amazon's /zigman2/quotes/210331248/composite AMZN -5.14% dramatic push into the grocery space with its planned acquisition of Whole Foods has wiped nearly $29 billion from the aggregate market cap of rivals in the grocery category. Wal-Mart Stores /zigman2/quotes/207374728/composite WMT -1.41% lost over $14 billion in market value, Costco's /zigman2/quotes/201191698/composite COST -2.73% market cap fell by more than $5 billion, and Target /zigman2/quotes/207799045/composite TGT -3.40% and Kroger /zigman2/quotes/206215053/composite KR -0.55% each saw a reduction of more than $3 billion. U.S.-listed shares of Ahold Delhaize /zigman2/quotes/204393693/delayed ADRNY -0.19% , which owns U.S. chains including Giant and Food Lion, saw its value drop by nearly $2 billion. Smaller rivals including Supervalu , Sprouts /zigman2/quotes/209197151/composite SFM -1.55% and Weis Markets /zigman2/quotes/200514880/composite WMK -0.53% also nursed heavy losses.

/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 107.40
-5.82 -5.14%
Volume: 74.92M
June 28, 2022 4:00p
P/E Ratio
51.80
Dividend Yield
N/A
Market Cap
$1151.95 billion
Rev. per Employee
$292,178
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 122.37
-1.75 -1.41%
Volume: 5.13M
June 28, 2022 4:00p
P/E Ratio
26.29
Dividend Yield
1.83%
Market Cap
$340.23 billion
Rev. per Employee
$249,023
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/zigman2/quotes/201191698/composite
US : U.S.: Nasdaq
$ 468.61
-13.14 -2.73%
Volume: 1.75M
June 28, 2022 4:00p
P/E Ratio
36.91
Dividend Yield
0.77%
Market Cap
$213.40 billion
Rev. per Employee
$680,309
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/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 144.52
-5.09 -3.40%
Volume: 4.13M
June 28, 2022 4:03p
P/E Ratio
11.98
Dividend Yield
2.99%
Market Cap
$69.37 billion
Rev. per Employee
$235,567
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/zigman2/quotes/206215053/composite
US : U.S.: NYSE
$ 48.43
-0.27 -0.55%
Volume: 3.68M
June 28, 2022 4:00p
P/E Ratio
16.71
Dividend Yield
2.15%
Market Cap
$35.44 billion
Rev. per Employee
$328,305
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/zigman2/quotes/204393693/delayed
US : U.S.: OTC
$ 26.41
-0.05 -0.19%
Volume: 126,854
June 28, 2022 3:57p
P/E Ratio
10.38
Dividend Yield
3.30%
Market Cap
$26.52 billion
Rev. per Employee
$345,015
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/zigman2/quotes/209197151/composite
US : U.S.: Nasdaq
$ 25.46
-0.40 -1.55%
Volume: 991,911
June 28, 2022 4:00p
P/E Ratio
11.65
Dividend Yield
N/A
Market Cap
$2.83 billion
Rev. per Employee
$196,770
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/zigman2/quotes/200514880/composite
US : U.S.: NYSE
$ 75.02
-0.40 -0.53%
Volume: 50,302
June 28, 2022 4:00p
P/E Ratio
17.40
Dividend Yield
1.71%
Market Cap
$2.03 billion
Rev. per Employee
$176,017
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