Kroger (KR) shares slipped Thursday after the grocery giant reported third-quarter results mostly below analysts' estimates. The company reported $33.63 billion in revenue, below the $34.22 billion expected by analysts polled by Visible Alpha. Net income came in at $618 million, beneath the $659.3 million projection. After stripping out one-time charges like costs related to the chain's proposed merger with Albertsons (ACI), Kroger's adjusted earnings per share (EPS) of $0.98 came in a penny above estimate ...

Exhibit 99.1 Kroger Reports Third Quarter 2024 Results and Narrows Guidance Range Third Quarter Highlights · Identical Sales without fuel increased 2.3% · Operating Profit of $828 million; EPS of $0.84 · Adjusted FIFO Operating Profit of $1,017 million and Adjusted EPS of $0.98 · Achieved strong Adjusted Free Cash Flow · Executed its go-to-market strategy to deliver value for customers o Grew digital sales 11% o Our Brands sales growth outpaced total grocery sales growth o Increased total households and loy ...

Third Quarter Highlights Identical Sales without fuel increased 2.3% Operating Profit of $828 million; EPS of $0.84 Adjusted FIFO Operating Profit of $1,017 million and Adjusted EPS of $0.98 Achieved strong Adjusted Free Cash Flow Executed its go-to-market strategy to deliver value for customers Grew digital sales 11% Our Brands sales growth outpaced total grocery sales growth Increased total households and loyal households CINCINNATI, Dec. 5, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today reporte ...

Investors with an interest in Retail - Supermarkets stocks have likely encountered both Kroger (KR) and Wal-Mart de Mexico SAB de CV (WMMVY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trend ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

Key TakeawaysKroger is scheduled to report third-quarter results Thursday morning, with its proposed merger with Albertsons in legal limbo.Analysts expect higher sales and profits than a year ago, though the average price target suggests analysts expect Kroger's stock to decline from recent highs.The grocery chains and the FTC gave closing arguments in September in the trial over the commission's attempts to block the merger on anticompetitive grounds. The Kroger Co. (KR) is set to report third-quarter resu ...

In its upcoming report, Kroger (KR) is predicted by Wall Street analysts to post quarterly earnings of $0.98 per share, reflecting an increase of 3.2% compared to the same period last year. Revenues are forecasted to be $34.29 billion, representing a year-over-year increase of 1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Ahead of a company's ea ...

Starting December 4, clip a hot new deal each day and redeem up to five timesCINCINNATI, Dec. 2, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced it will kick-off the 12 Merry Days of Deals event. From December 4 through December 15, customers can clip a new hot digital deal each day for redemption by December 17.  "12 Merry Days of deals are just two days away and we can't wait to surprise customers each day with a new way to save big this holiday season," said Mike Murphy Kroger's group vice ...

The Kroger Co. (KR) is likely to register a top-line increase when it reports third-quarter fiscal 2024 results on Dec. 5. The Zacks Consensus Estimate for revenues is pegged at $34,295 million, indicating an increase of 1% from the prior-year reported figure. The bottom line is also expected to improve year over year. In the past 30 days, the Zacks Consensus Estimate for third-quarter earnings per share has been unchanged at 98 cents. The consensus figure implies a rise of 3.2% from the prior-year quarter. ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Kroger (KR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Kroger currently has an average brokerage recommendation (ABR) of 1 ...