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 ...

Core Insights - Kroger is set to report its third-quarter results, while its proposed merger with Albertsons is facing legal challenges from the FTC [1][2] - Analysts anticipate an increase in sales and profits compared to the previous year, but the average price target indicates a potential decline in Kroger's stock from recent highs [1][3] - The FTC has presented arguments against the merger, claiming it would negatively impact competition, while Kroger and Albertsons argue it would enhance their ability to compete with larger retailers [6][7] Financial Expectations - Kroger is expected to report revenue of $34.23 billion, reflecting a 0.8% year-over-year increase, and a profit of $662.6 million, which is a 2.6% rise [4] - The average target price for Kroger's stock is $58.80, suggesting a potential decrease from its recent closing price of $61.08, which is the highest in over two years [3] Legal Context - The trial regarding the FTC's lawsuit to block the merger concluded with closing arguments in September, with a decision pending [5][6] - Kroger maintains confidence in the merger's potential benefits and expects it to close in the fourth quarter of this year [5][8]

Core Insights - Kroger is expected to report quarterly earnings of $0.98 per share, a 3.2% increase year-over-year, with revenues forecasted at $34.29 billion, reflecting a 1% year-over-year increase [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts' reassessment of their initial estimates [1][2] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [2] - Analysts' forecasts for key metrics can provide valuable insights beyond consensus earnings and revenue estimates [3] Sales Metrics - The consensus estimate for total sales to retail customers without fuel is $30.08 billion, indicating a 1.7% increase from the prior-year quarter [4] - Supermarket fuel sales are expected to be $3.76 billion, reflecting an 8.4% year-over-year decline [4] - Other sales are projected to reach $284.24 million, representing a 4.5% increase from the prior-year quarter [4] Stock Performance - Kroger shares have increased by 8% in the past month, outperforming the Zacks S&P 500 composite, which rose by 3.5% [5] - With a Zacks Rank of 3 (Hold), Kroger is expected to closely follow overall market performance in the near term [5]

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 ...

Kroger (KR) closed at $60.09 in the latest trading session, marking a +1.47% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.27%.Shares of the supermarket chain have appreciated by 3.22% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 3.51% and outperforming the S&P 500's gain of 2.1%.Investors will be eagerly watchi ...

CINCINNATI, Nov. 22, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced that Stuart Aitken is stepping down as senior vice president, chief merchandising and marketing officer, to pursue other professional opportunities. Aitken will remain in his role at Kroger through December 31, 2024.Mary Ellen Adcock, Kroger's senior vice president of operations, will succeed him as chief merchandising and marketing officer. Mary Ellen Adcock named Kroger's chief merchandising and operating officer "Ma ...