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Kroger Reports Second Quarter 2024 Results and Updates Full-Year Identical Sales Without Fuel Guidance
Prnewswire· 2024-09-12 12:00
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 ...
Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
Prnewswire· 2024-09-11 22:54
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, ...
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
CINCINNATI, Sept. 5, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) and The Procter & Gamble Company (NYSE: PG) today kicked off year three of their Game Changers program, an effort to advance women in sports, business and education in partnership with the LPGA tournament, Kroger Queen City Championship presented by P&G.Kroger Queen City Championship Presented by P&G"In year three of the Game Changers program, we are honored to have supported more than 400 women in pursuit of their academic and professional ...
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 ...