UPDATE 2-Kroger raises 2020 profit forecast despite sales miss [Reuters]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Reuters
UPDATE 2-Kroger raises 2020 profit forecast despite sales miss By Reuters Staff 2 Min Read (Adds background, forecast, CFO quote) Dec 3 (Reuters) - Kroger Co raised its annual profit forecast on Thursday, although the U.S. supermarket chain missed expectations for quarterly sales as the pace of its coronavirus-driven online growth eased. The company like many grocers benefited during the peak of coronavirus-led lockdowns due to a surge in online shopping for cooking and household essentials, but that demand has waned as restrictions eased in the second half of the year. Although its online sales more than doubled in the third quarter ended Nov. 7, they still fell short of a 127% rise it recorded in the preceding quarter. A spike in coronavirus cases, however, has led to a pick up in sales, prompting the retailer to reimpose a purchase limit on essential products like paper towels, disinfecting wipes and hand soap ahead of the busy holiday season. Kroger now expects adjusted per-share
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News
- TMX Transform Bolsters North American Presence with New Hires from Kroger and CHEP USAPR Web
- The Kroger Co. (NYSE: KR) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $62.00 price target on the stock.MarketBeat
- These two grocery chains dominate with Triangle shoppers, new report shows [Yahoo! Finance]Yahoo! Finance
- Kroger, Albertsons to sell 166 more stores with $25B merger in limbo [FOX Business Network]FOX Business Network
- Kroger, Albertsons say they'll divest even more stores if they merge. What about Idaho? [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/22/24 - Form 8-K
- 4/2/24 - Form 10-K
- 4/1/24 - Form 4
- KR's page on the SEC website