Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores    WMT

WAL-MART STORES (WMT)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Wal Mart Stores : Orlando demand grows for Puerto Rican food, beer

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/21/2018 | 04:11pm CEST

April 21--KISSIMMEE -- Hector Godines has scrambled for the past six months to find Puerto Rican brands of coffees, cookies and other favorites to put on the shelves at his Hispanic grocery store Kissimmee Meat and Produce.

And when the Puerto Rican beer called Medalla Light returned to Florida last week after a four-year absence, the supermarket manager watched customers fill up shopping carts with the 12 packs.

"Business has been growing for a few years, but after the hurricane [Maria], things just went crazy," Godines said. "People are coming to me every week wanting new things from Puerto Rico."

Supermarkets and distributors in Central Florida and food companies back in Puerto Rico are pushing to bring more products to the Orlando area, from food and beer to spices and cleaning supplies. The demand has resulted in new stores and expanding distributors in Central Florida and is prompting Puerto Rican manufacturers to ramp up shipments to Florida.

An estimated 50,000 Puerto Ricans have come to Florida since the September hurricane devastated the island.

Central Florida already was the nation's second largest haven for Puerto Ricans, with about 332,000 people, according to the U.S. Census Bureau's 2016 figures. But as longtime Puerto Ricans in Central Florida have adapted buying habits to locally available products, the new influx is looking for familiar items straight from home, say owners of businesses that cater to the transplants.

"It's hard to get products from Puerto Rico, particularly seasonings and things like that used in everyday cooking," said Amilcar Cordova, a Puerto Rican who came to Orlando 20 years ago and has started an advertising agency here. "But when I heard about the beer, I was excited."

Not only do people miss the products, but they also feel like they are helping Puerto Rico rebuild economically, Cordova said.

Puerto Rico has an unusual cuisine influenced by its Caribbean location, Hispanic roots and American territorial ties.

For instance, a popular cookie brand, Cameo, originally came from Canada through Nabisco and now is made exclusively in Puerto Rico. The cookies are nearly identical to vanilla-flavored Oreos, but shaped differently and the cookie is slightly less sweet.

Fast food chain Taco Maker Grill started as a franchise in Utah before taking off in Puerto Rico with more than 100 locations. It has expanded to Central Florida with two locations.

Even stores such as Walmart have seen increasing demand for Puerto Rican ingredients, said James Schroder, manager of the chain's Lake Nona store such as coconut milk and plantains.

Food distributor Titan Products of Puerto Rico, which came to Central Florida five years ago to cater to the sizable Puerto Rican population, has gone through 90,000 cases of Medalla Light in the week since it was released. It's also hiring more employees, buying trucks and expanding warehouse space.

"I'm not sure what it is about the beer that has people so excited, other than the familiarity and nostalgia factor," said Rafael Julia, vice president of sales and marketing for Titan Products. "It just reminds them of home."

The company also sells Puerto Rican favorites such as juices, frozen pastries, spices and cookies.

Medalla was carried in the United States between 2004 and 2014, but cut sales because of a distribution problem, said Jorge Bracero, chief marketing officer with the beer's brewer, Cervercera de Puerto Rico. During those four years, they heard constantly from consumers in Florida and Medalla beer was a popular souvenir for people visiting the island.

"Now we are just targeting stores that serve Puerto Rican consumers," Bracero said. "Then we can expand from there."

Puerto Rican manufacturer Best Seasonings Group has seen more inquiries from Central Florida since Hurricane Maria, said owner Efrain Montero-Arroyo. Best Seasonings' signatures product is sofrito, a base condiment in Puerto Rican cooking.

"It's an everyday product in a lot of Puerto Rican dishes," Montero-Arroyo said. "It used to be that just a few little bodegas were carrying it, but now it's moving deeper into Florida."

Puerto Rico grocery store owner Willer Velez Quinones opened a store in Kissimmee in December. Business has been good, he said, and sales have increased about 5 percent every month since.

"Definitely what they ask us most are butter cookies, and I am bringing in different brands," said Velez Quinones in Spanish. "They keep asking us for products from the island."

El Sentinel reporter Carlos Vázquez Otero contributed to this report. Got a news tip? [email protected] or 407-420-5664; Twitter, @kylelarnold or facebook.com/bykylearnold

CAPTION

The Crossroads of Lake Buena Vista shopping center is set for demolition as part of an I-4 improvement project, meaning dozens of restaurants will have to relocate and the end of destination dining location.

The Crossroads of Lake Buena Vista shopping center is set for demolition as part of an I-4 improvement project, meaning dozens of restaurants will have to relocate and the end of destination dining location.

CAPTION

The Crossroads of Lake Buena Vista shopping center is set for demolition as part of an I-4 improvement project, meaning dozens of restaurants will have to relocate and the end of destination dining location.

The Crossroads of Lake Buena Vista shopping center is set for demolition as part of an I-4 improvement project, meaning dozens of restaurants will have to relocate and the end of destination dining location.

CAPTION

TSA and GOAA K-9 handlers patrol with their explosive-detection dogs at Orlando International Airport, Tuesday, April 10, 2018. Between the two agencies, Orlando International has 20 dogs assigned to the airport, making it one of the busiest airport security dog forces in the U.S. (Joe Burbank/Orlando Sentinel)

TSA and GOAA K-9 handlers patrol with their explosive-detection dogs at Orlando International Airport, Tuesday, April 10, 2018. Between the two agencies, Orlando International has 20 dogs assigned to the airport, making it one of the busiest airport security dog forces in the U.S. (Joe Burbank/Orlando Sentinel)

CAPTION

Universal has acquired additional acres in Orlando for possible theme park expansion, along with the deed restrictions that once were intended to block construction of rival theme parks there.

Universal has acquired additional acres in Orlando for possible theme park expansion, along with the deed restrictions that once were intended to block construction of rival theme parks there.

CAPTION

The new boom in space-related jobs in Florida is leading companies like Blue Origin, OneWeb and Rocket Crafters to embrace new ways of training employees, especially German-style apprencticeship programs for local students.

The new boom in space-related jobs in Florida is leading companies like Blue Origin, OneWeb and Rocket Crafters to embrace new ways of training employees, especially German-style apprencticeship programs for local students.

CAPTION

Orion Span's commercial space hotel, Aurora Station.

Orion Span's commercial space hotel, Aurora Station.

___

(c)2018 The Orlando Sentinel (Orlando, Fla.)

Visit The Orlando Sentinel (Orlando, Fla.) at www.OrlandoSentinel.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WAL-MART STORES
04:11pWAL MART STORES : Orlando demand grows for Puerto Rican food, beer
AQ
03:12pWAL MART STORES : SYG Nursery & Landscaping celebrates 35 years
AQ
01:05pWAL MART STORES : Strange shooting in Stafford not quite as strange as it first ..
AQ
12:16pWAL MART STORES : Vote against sales tax
AQ
11:54aWAL MART STORES : Walmart could buy controlling stake in Flipkart as early as ne..
AQ
04:39aTRUMP'S NEXT $100 BILLION TARIFF DIL : hit Wal-Mart or Apple Store?
RE
03:06aWAL MART STORES : Documents show men had 'words' before Thursday evening shootin..
AQ
02:50aWAL MART STORES : Greensboro council holding school supply drive Saturday
AQ
02:39aTrump's next $100 billion tariff dilemma - hit Wal-Mart or Apple Store?
RE
01:00aWAL MART STORES : Driver gets life for transporting immigrants who died in hot t..
AQ
More news
News from SeekingAlpha
08:38aTHE PASSIVE DGI CORE PORTFOLIO : Income, Safety, And Growth 
04/20Walmart expected to nab controlling stake of Flipkart 
04/19BOTTOM FISHING THE ARISTOCRATS : Walmart Is Ready To Move Higher 
04/18Earnings Watchlist 
04/18Electrify America signs deal with Walmart 
Financials ($)
Sales 2019 511 B
EBIT 2019 22 266 M
Net income 2019 14 378 M
Debt 2019 37 039 M
Yield 2019 2,44%
P/E ratio 2019 17,76
P/E ratio 2020 16,56
EV / Sales 2019 0,58x
EV / Sales 2020 0,56x
Capitalization 257 B
Chart WAL-MART STORES
Duration : Period :
Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 104 $
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Jonathan Barker Chief Operating Officer
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES-11.00%256 652
ALIMENTATION COUCHE-TARD INC-19.56%23 445
CARREFOUR-8.73%15 671
AVENUE SUPERMARTS LTD25.20%13 900
YONGHUI SUPERSTORES CO., LTD-11.09%13 654
FAMILYMART UNY HOLDINGS CO LTD26.10%11 770