Loading... Loading... Telsey Advisory Group analyst Joseph Feldman reiterated the Outperform rating on Kroger Company KR, maintaining the forecast at $62. The company reported first-quarter adjusted earnings of $1.43 per share, surpassing analyst expectations of $1.34 per share. Kroger's digital sales grow over 8%, driving quarterly sales to $45.3 billion, slightly exceeding estimates. Check This Out: Kroger Company Shares Take Off After Q1 – Here's Why The gross margin increased eight bps to 22.4%, althoug ...

Key TakeawaysKroger reported revenue for the first quarter that beat analysts' estimates. The supermarket chain also reiterated its full-year guidance.Kroger said it would pause stock buybacks as it works to get regulatory approval of its $24.6 billion purchase of Albertsons. Kroger (KR) reported revenue for the first quarter that beat analysts' estimates and said it would pause stock buybacks as it works to get regulatory approval of its $24.6 billion acquisition of rival Albertsons (ACI). Shares initially ...

The Kroger Co. (KR) delivered impressive first-quarter fiscal 2024 results, with both the top and bottom lines surpassing the Zacks Consensus Estimate. The company also reported a year-over-year increase in identical sales without fuel.Kroger's well-defined customer segmentation strategy, emphasis on value and focus on its 'Our Brands' portfolio have enabled it to effectively maintain a competitive position. The company remains committed to its core strengths, which include offering an array of fresh produc ...

With ongoing financial challenges affecting consumers very differently depending on their financial standing, Kroger is seeing its initiative to improve its private-label offerings prove key to getting more budget-strapped shoppers to keep spending.On a call with analysts Thursday (June 20) discussing the grocery giant’s first quarter 2024 financial results, CEO Rodney McMullen laid out the differences the retailer is seeing in how various demographics are making purchases.“As we’ve seen over recent quarter ...

Kroger (KR) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.52%. A quarter ago, it was expected that this supermarket chain would post earnings of $1.13 per share when it actually produced earnings of $1.34, delivering a surprise of 18.58%.Over the last four quarters, the company ha ...

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Kroger Reports First Quarter 2024 Results and Reaffirms Guidance First Quarter Highlights · Identical Sales without fuel increased 0.5% · Operating Profit of $1,294 million; EPS of $1.29 · Adjusted FIFO Operating Profit of $1,499 million and Adjusted EPS of $1.43 · Executed its go-to-market strategy to deliver value for customers o Grew digital sales more than 8%, with Delivery and Pickup combining for double-digit growth o Increased total households, loyal households and customer visits CINCINNATI, June 20 ...

The Kroger Co. (KR) is likely to register a bottom-line decline when it reports first-quarter fiscal 2024 earnings on Jun 20. The consensus mark for quarterly earnings has remained unchanged in the past 30 days at $1.33 per share. This indicates a decline of 11.9% from the year-ago quarter’s reported figure. However, KR has a trailing four-quarter earnings surprise of 8.5%, on average.The Zacks Consensus Estimate for revenues is pegged at $45.05 billion compared with the prior-year quarter’s reported figure ...

Loading...Loading...Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields ...

Loading...Loading...Kroger Co KR shares were rising in early trading on Tuesday.While the stock has been under pressure on fears of rising competition, the company's industry positioning "allows it to continue managing the competitive environment" with stable gross margins, according to BMO Capital Markets.The Kroger Analyst: Kelly Bania upgraded the rating for Kroger from Market Perform to Outperform, while raising the price target from $58 to $60.The Kroger Thesis: The company's pending deal to acquire fe ...