Shares of Kroger (KR 9.88%) popped 9.9% on Thursday after the grocery store chain announced strong fourth-quarter 2023 results and better-than-expected forward guidance.Kroger ended the year on a high noteFor its fourth quarter of 2023, Kroger's total company sales grew 6.4% year over year to $37.06 billion, including around $2.7 billion from an extra week in the quarter relative to the same year-ago period. Identical sales without fuel declined by 0.8%. On the bottom line, that translated to net earnings o ...

The Kroger Co. (NYSE:KR) Q4 2023 Results Conference Call March 7, 2024 10:00 AM ET Company Participants Rob Quast - Senior Director, Investor Relations Rodney McMullen - Chairman & Chief Executive Officer Todd Foley - Interim Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Leah Jordan - Goldman Sachs Michael Lasser - UBS Krisztina Katai - Deutsche Bank John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Edward Kelly - Wells Fargo Rupesh Parikh - Oppenheim ...

As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers' doors quickly.This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning.And Kroger said Thursday that home deliveries helped propel its more than 10% year-over-year growth in digital sales a ...

Despite acting in vastly different sectors, the shares of New York Community Bancorp, Inc. (NYSE:NYCB) and Kroger Co (NYSE:KR) are both surging today. Below, we'll look into what's propping up each stock, and how the options pits are responding to their respective surges.Options Traders Target Embattled NYCBNYCB was last seen 7.7% higher at $3.73, after the bank concern said it secured $1 billion from investors, including Citadel Global Equities, Hudson Bay Capital, former U.S. Treasury Secretary Steven Mnu ...

Key TakeawaysKroger's stock surged Thursday as the grocery chain's fourth-quarter profit beat analyst estimates and the company issued strong earnings guidance for the full year of fiscal 2024.Last week, the Federal Trade Commission filed a lawsuit to halt Kroger's $25 billion merger with Albertsons, alleging it would decrease competition and raise prices.Kroger said it is continuing its pause of stock buybacks as it pursues the Albertsons merger. Kroger's (KR) shares jumped over 8% in early trading Thursda ...

The Kroger Co. (KR) came up with fourth-quarter fiscal 2023 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line beat the same. Both the metrics improved from the year-ago period. Additionally, the company witnessed a decline in identical sales without fuel.Kroger appears to be navigating a tough operating landscape, characterized by a tightening consumer spending environment. Also, the grocery industry is witnessing increased competition, with retailers actively working ...

Core Viewpoint - Kroger's stock has shown strong performance, increasing by 13.2% over the past month and reaching a 52-week high of $50.65, outperforming both the Zacks Retail-Wholesale sector and the Zacks Retail - Supermarkets industry [1] Performance Summary - Kroger has consistently exceeded earnings expectations, reporting an EPS of $0.95 against a consensus estimate of $0.90 in its latest earnings report [2] - For the current fiscal year, Kroger is projected to earn $4.36 per share on revenues of $150.23 billion, with a slight decline in earnings expected for the next fiscal year at $4.47 per share on $148.47 billion in revenues, reflecting year-over-year changes of -4.48% and -1.18% respectively [2] Valuation Metrics - Kroger's stock trades at 11.6X current fiscal year EPS estimates, slightly below the peer industry average of 11.8X, and at 5.3X trailing cash flow compared to the peer group's average of 5.7X [4] - The stock has a PEG ratio of 2.41, indicating it is not among the top value stocks covered [4] Zacks Rank - Kroger holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, which suggests potential for further stock price appreciation [5] - The company meets the criteria for investment selection with a Value Score of A, and Growth and Momentum Scores of B, resulting in a combined VGM Score of A [3][5]

Kroger (KR) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.58%. A quarter ago, it was expected that this supermarket chain would post earnings of $0.90 per share when it actually produced earnings of $0.95, delivering a surprise of 5.56%.Over the last four quarters, the company ha ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Kroger Co (NYSE: KR) is trading up in premarket on Thursday after reporting upbeat financial results for its fourth quarter.Kroger stock gains on solid guidanceCopy link to sectionInvestors are cheering also because the retail company issued encouraging guidance for the future. $KR is now calling for its adjusted EPS to fall between $4.30 and $4.50. Analysts, in comparison, were at per share. Rodney McMullen – the chief executive of ...