Kroger Reports First Quarter Results
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Kroger (KR) PT Lowered to $27 at UBS; Remains Sidelined
June 16, 2017 8:43 AM EDTUBS lowered its price target on Kroger (NYSE: KR) to $27.00 (from $32.00) while maintaining a Neutral rating. KR's cautious outlook helps underscore the challenges facing the broader food retail sector.
KR reaffirmed its flat to 1% FY core SSS guidance, and also bumped up its... More
Kroger (KR) PT Lowered to $28 at Oppenheimer Following 1Q
June 16, 2017 8:23 AM EDTOppenheimer lowered its price target on Kroger (NYSE: KR) to $28.00 (from $38.00) while maintaining a Outperform rating following the company's 1Q. Analyst Rupesh Parikh expected gross margin pressures, but thought expense controls would help to fund some of these investments. Instead, the company made additional... More
Kroger (KR) PT Lowered to $27 at BMO Capital Following 1Q
June 16, 2017 7:24 AM EDTBMO Capital lowered its price target on Kroger (NYSE: KR) to $27.00 (from $32.00) while maintaining a Market Perform rating. Kroger's F1Q18 EPS was generally in line despite accelerating ex-fuel GM % pressure given support from strong fuel margins.
The F18 EPS outlook was cut... More
Kroger (KR) PT Lowered to $26 at Jefferies Following 1Q
June 16, 2017 7:05 AM EDTJefferies lowered its price target on Kroger (NYSE: KR) to $26.00 (from $30.00) while maintaining a Hold rating. 1Q adjusted EPS of $0.58 was in-line with consensus estimates, as comps remained negative but showed a slight upside.
KR lowered its 2017 EPS guidance and now expects $2.00-2.05 (vs.... More
Goldman Sachs Downgrades Kroger (KR) to Neutral
June 16, 2017 7:05 AM EDTGoldman Sachs downgraded Kroger (NYSE: KR) from Buy to Neutral with a price target of $26.00 (from $33.00).
Analyst Stephen Tanal said they no longer believe the company's competitive advantages and recovering food deflation will be enough to drive earnings growth and investor... More
Kroger (KR) Falls to Lows, Down 18.5%
June 15, 2017 11:08 AM EDTKroger (NYSE: KR) Falls to Lows, Down 18.5%
... MoreKroger (KR) Reports In-Line Q1 EPS, Lowers FY EPS Guidance
June 15, 2017 7:46 AM EDTKroger (NYSE: KR) reported Q1 EPS of $0.58, in-line with the analyst estimate of $0.58. Revenue for the quarter came in at $36.3 billion versus the consensus estimate of $35.77 billion.
Chairman and CEO Rodney McMullen said, "We remain focused on our strategy. This will make a difference for our customers and create value for our shareholders. We are running the business with an eye toward where the customer is going.... More
