Kroger Stock News

NEW YORK , March 3, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BBY, KR, MU, CVX, and AAPL. … Full story available on Benzinga.com

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Kroger Co.’s fourth-quarter earnings easily beat analysts’ estimates, driving its stock higher.

Kroger (KR) jumped in early trading after the grocery store operator topped estimates with its Q4 earnings report and set EPS guidance ahead of the consensus marks. Read more.

Kroger Co. rose after the company unveiled a profit forecast that signaled new gains on top of a two-year surge in demand for groceries sparked by the coronavirus pandemic.

The supermarket company, which reported better-than-expected quarterly results, said costs have continued to climb for some categories of food that it sells.

The supermarket giant now projects 8% to 11% long-term shareholder returns, above expectations for this once sleepy market corner.

The Kroger Co. (KR) CEO Rodney McMullen on Q4 2021 Results - Earnings Call Transcript

Kroger Co. shares jumped nearly 6% in Thursday premarket trading after the grocer reported fourth-quarter earnings that beat the Street and gave guidance ahead of expectations. Net income totaled $566 million, or 75 cents per share, after a loss of $77 million, or 10 cents per share, last year. Adjusted EPS of 91 cents beat the FactSet consensus for 74 cents. Sales of $33.05 billion were up from $30.74 billion last year and ahead of the FactSet consensus for $32.68 billion. Identical sales excluding fuel grew 4% ahead of the FactSet consensus for 2.1% growth. Kroger''s outlook for fiscal 2022 is for identical sales growth of 2% to 3% without fuel, and adjusted EPS between $3.75 to $3.85. The FactSet consensus is for identical sales growth of 1.4% and EPS of $3.43. Kroger stock has run up 48.5% over the past year while the S&P 500 index is up nearly 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Kroger (KR) reports better-than-expected fourth-quarter fiscal 2021 results. The quarter reflects significant investments to enhance product freshness and quality, and expand digital capabilities.

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Kroger Co. KR, +2.11% shares jumped nearly 6% in Thursday premarket trading after the grocer reported fourth-quarter earnings that beat the Street and gave guidance ahead of expectations. Net income t

Kroger Co topped Wall Street estimates for quarterly same-store sales on Thursday, buoyed by demand for groceries as the pandemic-fueled home-cooking trend holds strong.

Some of the stocks that may grab investor focus today are: Wall Street expects The Kroger Co. (NYSE: KR ) to report quarterly earnings at $0.74 per share on revenue of $32.86 billion before the opening bell. Kroger shares rose 2.1% to close at $49.37 on Wednesday. Splunk Inc. (NASDAQ: SPLK ) reported better-than-expected earnings for its fourth quarter and named Gary Steele as its new Chief Executive Officer. Splunk shares gained 1.9% to $117.15 in … Full story available on Benzinga.com

Kroger (NYSE:KR) is scheduled to announce Q4 earnings results on Thursday, March 3rd, before market open.The consensus EPS Estimate is $0.74 (-8.6% Y/Y) and the consensus Revenue…