Kroger's stock falls after profit rises above expectations, but sales miss [MarketWatch]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: MarketWatch
Shares of Kroger Co. dropped 4.1% in premarket trading Thursday, after the supermarket chain reported a fiscal third-quarter profit that rose above expectations, but sales that came up short. For the quarter to Nov. 7, net income rose to $631 million, or 80 cents a share, from $263 million, or 32 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to 71 cents from 47 cents, beating the FactSet consensus of 67 cents. Sales rose 6.3% to $29.72 billion, but was below the FactSet consensus of $29.97 billion, while same-store sales growth of 10.9% missed expectations of a 9.3% rise. Kroger said it repurchased $304 million worth of its stock during the quarter. The company expects full-year adjusted EPS of $3.30 to $3.35, compared with the FactSet consensus of $3.30, and expects same-store sales to rise about 14.0%, compared with expectations of 12.5% growth. Kroger's stock has lost 10.6% over the past three months through Wednesday, while
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KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- KR's page on the SEC website