UPDATE 2-Kroger sales, earnings miss as competition hurts [Reuters]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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ir.kroger.com
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Source: Reuters
UPDATE 2-Kroger sales, earnings miss as competition hurts (Adds details from conference call, analyst comment, shares) By Nivedita Balu Dec 5 (Reuters) - U.S. supermarket chain Kroger Co missed Wall Street estimates for quarterly sales and profit on Thursday, hurt by stiff competition from industry stalwarts including Walmart Inc and Amazon.com Inc. Kroger’s shares fell nearly 3% after the company said it wrote down its stake in Lucky’s Market, a specialty grocery store chain that focuses on natural, organic and locally grown products. Cincinnati, Ohio-based Kroger has made heavy investments as part of its ‘Restock Kroger’ transformation program to grow online sales, improve delivery and modernize stores to gain market share over rivals. Three years ago, Kroger invested in Lucky’s Market paying attention to the growing demand for organic products but said on Thursday the decision to divest its stake in the Colorado-based company came as a part of its focus on improving return on inves
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KR
News
- Electrolit Renews Partnership with Patricio "Pato" O'Ward, Extending Sponsorship for Third Consecutive Year [Yahoo! Finance]Yahoo! Finance
- Washington woman lived in squalor, yet her landlords weren't legally obligated to fix anything. Here's why [Yahoo! Finance]Yahoo! Finance
- Kroger Invites Prospective Associates to Discover a Career [Yahoo! Finance]Yahoo! Finance
- Kroger Invites Prospective Associates to Discover a CareerPR Newswire
- This Tampa woman says she has to ‘starve' herself just to ‘survive' in the US — why she's not alone [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/2/24 - Form 10-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- KR's page on the SEC website