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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.
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.
