Key TakeawaysKroger shares surged Thursday after the supermarket chain better-than-expected adjusted profit for the second quarter.Diluted EPS and revenue missed analysts' consensus estimates.CEO Rodney McMullen said the chain is "confident in the facts and the strength of our position" as it fights the FTC's legal challenges to its $24.6 billion merger with Albertsons. Kroger (KR) shares surged Thursday after it better-than-expected adjusted profit for the second quarter. The supermarket chain posted adjus ...

Kroger (KR) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.09%. A quarter ago, it was expected that this supermarket chain would post earnings of $1.33 per share when it actually produced earnings of $1.43, delivering a surprise of 7.52%. Over the last four quarters, the company ha ...

Exhibit 99.1 Kroger Reports Second Quarter 2024 Results and Updates Full-Year Identical Sales Without Fuel Guidance Second Quarter Highlights · Identical Sales without fuel increased 1.2% · Operating Profit of $815 million; EPS of $0.64 · Adjusted FIFO Operating Profit of $984 million and Adjusted EPS of $0.93 · Achieved strong Adjusted Free Cash Flow · Executed its go-to-market strategy to deliver value for customers o Grew digital sales 11% o Increased total households, customer visits and loyal household ...

Second Quarter Highlights Identical Sales without fuel increased 1.2%Operating Profit of $815 million; EPS of $0.64Adjusted FIFO Operating Profit of $984 million and Adjusted EPS of $0.93Achieved strong Adjusted Free Cash FlowExecuted its go-to-market strategy to deliver value for customers Grew digital sales 11%Increased total households, customer visits and loyal households CINCINNATI, Sept. 12, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today reported its second quarter 2024 results, reaffirmed guida ...

CINCINNATI, Sept. 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P. ("NALP"), Safeway Inc. ("Safeway"), Albertson's LLC ("Albertsons"), Albertsons Safeway LLC ("ASL") and American Stores Company, LLC ("ASC"), as applicable, for up to $7, ...

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 ...

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 ...

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, ...

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 ...

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 ...