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Earnings Preview: What To Expect From Kroger
Forbes· 2024-09-11 13:32
HOUSTON, TEXAS - SEPTEMBER 09: A customer exits a Kroger grocery store on September 09, 2022 in ... [+] Houston, Texas. Kroger stock increased six percent as the company surpassed profit and sales expectations. (Photo by Brandon Bell/Getty Images) Getty Images Kroger is scheduled to report earnings before Thursday's open. The stock hit a record high of $62.78/share in 2022 and is currently trading near $52. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are str ...
Kroger Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-09-11 07:23
The Kroger Co. KR will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 12.Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings at 91 cents per share, down from 96 cents per share. Kroger projects to report quarterly revenue of $34.09 billion for the quarter, according to data from Benzinga Pro.On Aug. 20, Kroger reported the pricing of $10.5 billion of senior notes.Kroger shares rose 0.6% to close at $52.30 on Tuesday.Benzinga readers ca ...
What to Expect from Kroger's Upcoming Earnings
Schaeffers Investment Research· 2024-09-10 18:26
Supermarket operator Kroger Co (NYSE:KR) is scheduled to take to the earnings confessional before the market opens on Thursday, Sept. 12. Per Zacks, analysts expect the company to report second-quarter profits of 91 cents per share on revenue of $34.09 billion.A look at Kroger stock's history of post-earnings reactions during the past two years shows a mostly positive response. During its last eight reports, five of these next-day sessions were higher, including a 9.9% pop in March. Regardless of direction, ...
Exploring Analyst Estimates for Kroger (KR) Q2 Earnings, Beyond Revenue and EPS
ZACKS· 2024-09-09 14:16
The upcoming report from Kroger (KR) is expected to reveal quarterly earnings of $0.91 per share, indicating a decline of 5.2% compared to the year-ago period. Analysts forecast revenues of $34.09 billion, representing an increase of 0.7% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company reveals its earnin ...
What You Need to Know Ahead of Kroger's Earnings
Investopedia· 2024-09-07 10:22
Analyst Estimates for Q2 2024Q1 2024Q2 2023Revenue$34.04 billion$45.27 billion$33.85 billionDiluted EPS (loss)88 cents$1.29(25 cents)Net Income (loss)$640.81 million$947 million($180 million) Key Metric: Sales The retailer beat sales estimates in the first quarter as same-store sales rose. Kroger said digital sales saw an 8% year-over-year boost, as delivery and curbside pickup became more popular. Kroger has managed to continue beating earnings estimates as grocery spending has remained consistent amid ...
Kroger: Navigating Uncertainties With Attractive Valuation
Seeking Alpha· 2024-09-06 15:02
JHVEPhoto As the Federal Trade Commission (FTC) trial to block the $25 billion The Kroger Co. (NYSE:KR) and Albertsons Companies, Inc. (ACI) deal progresses, many new investors, myself included, are evaluating whether now is a good time to invest in the company. Specifically, we want to understand whether the price spike witnessed between March and May will continue as a long-term upward trend or if we should anticipate a potential decline soon. This article will be divided into several paragraphs: I will b ...
The LPGA's Kroger Queen City Championship Presented by P&G Returns to Cincinnati Uplifting Women in Sports, Business and Education
Prnewswire· 2024-09-05 17:30
Core Insights - The Kroger Co. and Procter & Gamble have launched the third year of their Game Changers program aimed at advancing women in sports, business, and education, in partnership with the LPGA tournament [1][3] - The program has supported over 400 women and awarded nearly $100,000 in scholarships since its inception [1][2] - The 2024 Game Changers scholarship program will provide 23 female students with $2,000 scholarships, recognizing them during the Kroger Queen City Championship [2] Group 1: Game Changers Program - The Game Changers program includes a leadership initiative, the Queen City Game Changers, which has graduated over 260 women, with 25% of corporate participants receiving promotions [2] - The program aims to empower women to pursue advanced degrees in business and liberal arts through its scholarship offerings [1][2] Group 2: Event Details - The Kroger Queen City Championship presented by P&G will take place from September 19 to September 22, 2024, at TPC River's Bend, featuring top golfers and a live award ceremony on Golf Channel [2] - Enhanced fan activation stations and amenities will be available at the tournament, including family-friendly areas and various sponsorships from P&G brands [4][5] Group 3: Company Backgrounds - Kroger operates with a mission to "Feed the Human Spirit" and serves over 11 million customers daily through a variety of retail food stores [7] - Procter & Gamble has a strong portfolio of trusted brands and operates in approximately 70 countries worldwide [8]
Kroger Offers Savings to Encourage Customers to get Vaccinated Ahead of Peak Flu Season
Prnewswire· 2024-09-03 15:30
CINCINNATI, Sept. 3, 2024 /PRNewswire/ -- Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), today shared how Kroger Health customers can save at Kroger Family Stores when they get vaccinated for the flu ahead of peak flu season.Customers may receive a $5 off coupon to be used at a Kroger Family Store when they receive a flu vaccine and a $20 off coupon when they receive a flu vaccine along with any additional vaccine during the same visit."Vaccines are one of the most effective ways that ...
Kroger Announces Second Quarter Conference Call with Investors
Prnewswire· 2024-08-29 20:15
CINCINNATI, Aug. 29, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) announced today it will host its second quarter 2024 earnings conference call at 10:00 a.m. ET on Thursday, September 12, 2024. Kroger's management team will comment on financial and operational results for the second quarter 2024.The presentation will broadcast online at ir.kroger.com. Click on "Quarterly Results" to access the event. An on-demand replay of the webcast will be available at approximately 1:00 p.m. ET on Thursday, September ...
A Kroger exec reportedly testified that the supermarket giant raised prices of milk and eggs beyond inflation costs
Business Insider· 2024-08-29 15:25
A Kroger executive reportedly testified that the company raised milk and egg prices beyond inflation.The testimony comes amid a legal battle over Kroger's proposed $24.6 billion merger with Albertsons.The FTC is fighting to block the merger, arguing it would result in higher grocery prices for millions. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! ...