Here's Why You Can (and Should) Buy Kroger Stock Now, Despite a Price Plunge [The Motley Fool]
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: The Motley Fool
Investors were clear about their perception of the second-quarter earnings results thatKroger(NYSE:KRThis pullback, however, is ultimately a buying opportunity. Last quarter's cost increase is not only out of the ordinary, but it's projected to be temporary.Image source: Getty Images.There's seemingly little room for this cost increaseThe good news is, Q's top and bottom lines were better than expected as well as better than year-ago figures. The grocery store chain turned $.7 billion worth of revenue into an adjusted per-share profit of $0.80, versus expectations for sales of $0. billion and earnings of $0.6 per share. In the same COVID-disrupted quarter a year earlier, Kroger earned $0.7 per share on revenue of $0. billion.The bad news is, Kroger's cost of goods sold grew from 77.% of sales in the second quarter of 00 to 78.6% of Q's revenue.On the surface, this increase in wholesale costs seems modest; plenty of other corporations are dealing with worse. Besides, Kroger was able to
Show less
Read more
Impact Snapshot
Event Time:
KR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KR alerts
High impacting Kroger Company (The) news events
Weekly update
A roundup of the hottest topics
KR
News
- Warehouse club memberships: Sign up for Walmart+, Costco, and Sam's Club [Yahoo! Finance]Yahoo! Finance
- 9 Genius Ways To Save Money at Kroger [Yahoo! Finance]Yahoo! Finance
- Is Most-Watched Stock The Kroger Co. (KR) Worth Betting on Now? [Yahoo! Finance]Yahoo! Finance
- The Kroger Co. (NYSE: KR) had its price target lowered by analysts at Evercore ISI from $63.00 to $62.00. They now have an "outperform" rating on the stock.MarketBeat
- Sewing Down South for HD Designs Hits Kroger Stores Nationwide [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