UPDATE 3-Kroger caps pandemic-fueled record year with upbeat profit forecast [Reuters]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Reuters
Kroger forecasts drop in sales as pandemic-led demand tempers By Reuters Staff 2 Min Read (Reuters) - Kroger Co on Thursday signaled a bigger-than-expected slowdown in sales of groceries this year as a pandemic-fueled demand that helped it top expectations for fourth-quarter results tempers. The company, however, forecast full-year earnings above estimates, as it undertakes cost-saving initiatives in its sourcing, equipment purchases and supply chain, sending shares up about 1% in premarket trade. Kroger’s sales surged last year as stuck-at-home consumers rushed in droves to the websites and apps of big national grocery chains to stock up on food and household essentials. Analysts expect that sales growth would be difficult to replicate this year as the rollout of COVID-19 vaccines promises a return to relative normalcy, removing the need to hoard supplies. Kroger expects adjusted full-year same-store sales to fall 3% to 5%, more than analysts’ estimates of a 2.5% decline. The superm
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KR
News
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- 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