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Stock impact report

Kroger Breaks Down Another Record Quarter [The Motley Fool]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: The Motley Fool
Investors were treated to mostly good news inKroger(NYSE:KRExecutives don't see the demand boost ending anytime soon, either. In fact, CEO Rodney McMullen and his team said in a conference call with Wall Street analysts that investors can expect to see unusually strong financial results at least into early 0.Let's look at a few highlights frommanagement's Q presentationBeating market share growth targetsThe quarter turned out much better than we previously expected.Kroger's expansion pace stayed elevated, with comparable-store sales gains landing at % compared to 9% in the previous quarter. That boost likely translated into continued modest market share improvements against rivals likeWalmartImage source: Getty Images.Still, there's a clear slowdown happening as consumers respond to reopening local economies, especially in the restaurant industry. Comps were up just .% in the final weeks of the quarter, Kroger said, thanks to reduced government financial support.Getting more profitabl Show less Read more
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