Kroger Reports Earnings, Opioid Settlement

10:36am, Friday, 08'th Sep 2023
Cincinnati-based Kroger Co  (NYSE:KR) stock is 4.5% higher to trade at $47.57 at last check, though it earlier fell as low as $44.32, following a mixed second-quarter report.

Kroger (KR) Q2 Earnings Top Estimates

10:32am, Friday, 08'th Sep 2023
Kroger (KR) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.90 per share a year ago.
The grocer Kroger said it expects stabilizing and falling prices to hurt its revenue numbers.
The Kroger Co (NYSE:KR) shares fell in early trade after the supermarket chain reported a second-quarter loss as it booked a $1.4 billion charge for a nationwide opioid settlement. However, it said th
Kroger joins fellow corporations CVS, Walgreens, Walmart and Johnson & Johnson in ponying up billions to opioid settlement funds.
Kroger also posts second-quarter adjusted earnings Friday of 96 cents a share, better than analysts' estimates, but sales that came up short.
Kroger Co. KR, +0.82% and Albertsons Companies Inc. ACI, +0.09% announced Friday an agreement to sell 413 stores and 8 distribution centers across 17 states to C&S Wholesale Grocers LLC for $1.9 billi
Shares of Kroger Co. KR, +0.82% dropped 2.7% toward a six-month low in premarket trading Friday, after the grocery chain reported fiscal second-quarter sales that missed expectations and said it recor
Kroger on Friday said it would pay up to $1.2 billion to U.S. states and subdivisions and $36 million to Native American tribes to settle the majority of opioid claims brought against the company by t
Kroger and Albertsons Companies Inc are in talks to sell some grocery stores to C&S Wholesale Grocers to obtain regulatory approval for their $25 billion merger, Bloomberg News reported on Tuesday, ci
Kroger's (KR) second-quarter results are likely to reflect investments made to enhance product freshness and quality as well as digital capabilities.
Stock and bond markets will be closed Monday for Labor Day. Then, earnings reports from Zscaler, Gitlab, and Kroger.
After the Labor Day holiday, investors will kick off the first week of September with a host of earnings and Goldman's technology conference featuring the world's biggest AI players.

Handicapping Q3 Earnings: What to Expect

04:32pm, Friday, 01'st Sep 2023
For Q3, S&P 500 earnings are currently expected to decline by -1.5% from the same period last year on +0.7% higher revenues. However, on an ex-Energy basis, earnings growth in Q3 would actually be pos
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