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-0.00146917824449612 -0.00730214397946804 -0.0138642304313114 -0.0142287907897471 -0.0233427997506407 -0.0305975508835121 -0.0317276879946628 -0.0348264510413667
Stock impact report

Kroger shares fall premarket after earnings fall short of expectations [MarketWatch]

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: MarketWatch
Kroger shares fall premarket after earnings fall short of expectations Kroger Co. shares KR, -0.72% fell 2.3% in premarket trade Thursday, after the supermarket chain's third-quarter earnings fell short of estimates. The company said it had net income of $263 million, or 32 cents a share, in the quarter, down from $317 million, or 39 cents a share, in the year-earlier period. Adjusted per-share earnings came to 47 cents, below the 49 cents FactSet consensus. Sales rose to $27.9 billion from $27.8 billion, also below the $28.2 billion FactSet consensus. Same-store sales rose 2.5% to top the 2.3% FactSet consensus. The company said it has decided to sell its stake in Lucky's Market following a review of its portfolio and recognized a non-cash impairment charge of $238 million in the quarter, . The company is now expecting full-year adjusted EPS to range from $2.15 to $2.25. The FactSet consensus is for EPS of $2.20. Shares have gained 0.5% in 2019 through Wednesday, while the S&P 500 Show less Read more
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