Kroger Boosts FY22 Outlook - Update
(RTTNews) - While reporting financial results for the third quarter on Thursday, supermarket chain Kroger Co. (KR) raised its adjusted earnings and identical sales outlook for the full-year 2022.
For fiscal 2022, the company now projects adjusted earnings in a range of $3.85 to $3.95 per share on total identical sales growth, without fuel, of 2.5 to 3.5 percent.
Previously, the company expected adjusted earnings in the range of $3.75 to $3.85 per share on total identical sales growth, without fuel, of 2.0 to 3.0 percent. On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.84 per share on revenues of $144.61 billion for the year. Analysts' estimates typically exclude special items.
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Kroger Backs FY24 Earnings View, Lifts Sales Forecast After Profit In Q2; Stock Up
Supermarket chain Kroger Co. on Thursday maintained its fiscal 2024 earnings view and raised the low end of its guidance for identical sales without fuel, after reporting a profit in its second quarter, compared to prior year's loss, amid nearly flat sales. Adjusted earnings also beat market estimates. On the New York Stock Exchange, Korger shares were gaining around 3.8 percent.
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101 days ago
Kroger Now Plans To Cut Grocery Prices By $1 Bln Upon Albertsons Merger
Supermarket chain Kroger Co., amid the ongoing regulatory hurdles in its proposed $25 billion merger with Albertsons Cos., now plans to cut grocery prices by $1 billion, upon the closure of the deal, Bloomberg reported. This is double the $500 million cut in prices the company announced, while the merger deal was revealed in 2022. The supermarkets also plan to spend $1 billion to increase...
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128 days ago
Kroger Backs FY24 Outlook As Q1 Adj. EPS Beat Estimates; Stock Up
Supermarket chain Kroger Co. on Thursday confirmed its fiscal 2024 adjusted earnings and identical sales outlook after the first-quarter adjusted earnings beat the Street estimates. Meanwhile, the company reported weak net profit and nearly flat revenues in its first quarter. In pre-market activity on the NYSE, Kroger shares were gaining around 3.9 percent.
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185 days ago
Kroger RTE Apple Walnut With Chicken Salad Bowl Recalled
Tracy, California-based Taylor Farms Pacific is recalling around 19,976 pounds of ready-to-eat or RTE apple walnut with chicken salad bowl products under Korger brand, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The agency cited misbranding and the possible presence of undeclared wheat, a known allergen, for the recall.
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284 days ago
Kroger Guides FY24 Adj. EPS In Line With Estimates - Update
While reporting financial results for the fourth quarter on Thursday, supermarket chain Kroger Co. (KR) initiated its adjusted earnings and identical sales outlook for the full-year 2024. Identical sales growth for the fourth quarter, without fuel, decreased 0.8 percent, with underlying growth of 0.1 percent.
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290 days ago
FTC, States Sue To Block Kroger's $24.6 Bln Albertsons Deal
The Federal Trade Commission or FTC along with a group of nine attorneys general have filed a lawsuit to block Kroger Co.'s proposed $24.6 billion acquisition of the Albertsons Companies, Inc., alleging that the deal is anticompetitive. In the move, FTC alleges that the planned merger, which would be the largest among supermarkets in U.S. history, will eliminate competition and raise grocery
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300 days ago
Kroger Boosts FY23 Adj. EPS Outlook - Update
While reporting financial results for the third quarter on Thursday, supermarket chain Kroger Co. (KR) raised its adjusted earnings guidance for the full-year 2023, while trimming total identical sales growth outlook.
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388 days ago
Kroger Reaffirms FY23 Outlook - Update
While reporting financial results for the second quarter on Friday, supermarket chain Kroger Co. (KR) reaffirmed its adjusted earnings and identical sales outlook for the full-year 2023. Identical sales growth for the second quarter, without fuel, increased 1.0 percent, with underlying growth of 2.6 percent.
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471 days ago
