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Kroger Co. reported its quarterly earnings, revealing a revenue of $34.31 billion, which fell short of expectations by $192 million, marking a 7.44% year-over-year decline. However, the company's earnings per share (EPS) of $1.14 exceeded estimates by $0.03, despite a 14.93% year-over-year decrease. Following the earnings announcement, Kroger's stock surged 4.36% to $66.56, entering a buy range. The company also announced a $5 billion accelerated share repurchase program, although its adjusted net earnings guidance disappointed investors. The strong performance in digital sales contributed to the positive market reaction, despite some metrics missing expectations.
The Kroger Co. $KR has released its quarterly earnings. Revenue of $34.31B (-7.44% YoY) misses by $192M. EPS of $1.14 (-14.93% YoY) beats by $0.03.
🏆 Stock of the Day: $KR 📈 $KR (Kroger) surged +4.36% to $66.56 after a strong holiday quarter earnings beat, pushing the stock back into a buy range from a Cup pattern. 🛒 Digital sales strength and better-than-feared Q4 results make Kroger a standout in the grocery retail…
Kroger $KR Adjusted net earnings per diluted share guidance disappointed. Current quarter metrics all beat expectations (top/bottom lines & SSS). Announced a $5 billion accelerated share repurchase program.