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Kroger’s Q3 ID Sales Edge Up, But Total Company Sales Down
The sale of its specialty pharmacy business lowered Kroger's total company sales in Q3 by about $340 million, compared with the same period last year, and annualized sales will be around $3 billion lower going forward.
Kroger: Lower Fuel Prices Ding Q3 Sales
Kroger management updated its guidance for the full year, projecting between 1.2% and 1.5% growth in same-store sales without fuel (compared with prior guidance of 0.75% to 1.75%). Adjusted EPS targets are set between $4.35 and $4.45. The management reiterates its expectation for robust free cash flow and plans to sustain capital expenditures.
Kroger’s sales growth dinged by lower fuel prices and more, sending stock lower
Kroger Co.’s stock fell 4% early Thursday, after the grocery chain’s third-quarter revenue fell below expectations, weighed down by the sale of its specialty pharmacy business and as fuel sales were hit by lower prices.
Kroger Turns In Solid Quarter, but Lower Fuel Sales Weigh
Sales at Kroger fell from a year ago as the grocery store chain grappled with lower fuel prices. For its third quarter, the company reported adjusted earnings of 98 cents a share, beating the consensus call for 97 cents among analysts tracked by FactSet.
Kroger Stock Falls After Earnings. Lower Fuel Sales Are One Reason Why.
Sales at Kroger fell from a year ago, sending shares of the grocery chain lower. For its third quarter, the company reported adjusted earnings of 98 cents a share, beating the consensus call for 97 cents among analysts tracked by FactSet.
Kroger stock down as Q3 revenue falls short of market expectations
Kroger (NYSE:KR) reported third-quarter revenue that missed analyst estimates, pushing its shares down more than 1% in premarket trading Thursday. The retailer posted Q3 earnings per share (EPS) of $0.
4h
on MSN
Kroger Results Mostly Weaker Than Estimates as Albertsons Deal Remains Uncertain
Kroger shares slipped Thursday after the grocery giant reported third-quarter results mostly below analysts' estimates.
3h
Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook
Kroger Company (NYSE:KR) shares are trading lower in the premarket session on Thursday. The company reported third-quarter ...
Ibj.com
3d
Kroger trims outlook for profit, sales amid uncertain economy
Kroger
Co. narrowed its annual outlook and reiterated confidence in its acquisition of rival
Albertsons
Cos. being ...
2h
on MSN
Kroger tops sales estimates on higher demand for fresh, cheaper groceries
Kroger topped third-quarter same-store sales expectations on Thursday, benefiting from a surge in customers shopping for its ...
grocerydive
2d
Kroger prepares to close out a bumpy 2024
The grocer is finishing the year mired in uncertainty as its merger with Albertsons remains in question and it deals with ...
3h
Kroger 3Q Profit Hit By Merger Costs, Opioid Litigation
Kroger said its third-quarter profit was hit by costs from its proposed tie-up with Albertsons and settlements related to the opioid crisis.
3d
on MSN
"Corporate abuse": Kroger and Albertsons are in hot water over alleged strike sabotage
These companies rigged the system against us, undermining our right to fight for better pay and fair treatment" ...
1d
Kroger, Albertsons sued by union worker in Colorado class-action case
The lawsuit is in addition to three pending cases seeking to halt Kroger's planned $24.6 billion acquisition of Albertsons.
9d
on MSN
“No-poach” deal by Kroger, Albertsons undercut union in 2022 grocery strike, lawsuit says
Grocery chain rivals King Soopers and Albertsons cut a no-compete agreement in a 2022 Colorado strike that hurt the union’s ...
3h
on MSN
Kroger Trims Profit, Sales Outlook Amid Uncertain Economy
Kroger Co. narrowed its annual outlook and reiterated confidence in its acquisition of rival Albertsons Cos. being approved ...
1d
on MSN
Jefferies upgrade supermarket chain Kroger to 'buy"
Jefferies has upgraded Kroger Company (NYSE:KR) to "buy," as it views the grocery chain’s valuation would grow regardless of ...
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