Kroger Reports First Quarter Results

Go back to Kroger Reports First Quarter Results

Kroger (KR) PT Lowered to $27 at UBS; Remains Sidelined

June 16, 2017 8:43 AM EDT

UBS 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 EDT

Oppenheimer 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 EDT

BMO 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 EDT

Jefferies 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 EDT

Goldman 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 EDT

Kroger (NYSE: KR) Falls to Lows, Down 18.5%

... More

Kroger (KR) Reports In-Line Q1 EPS, Lowers FY EPS Guidance

June 15, 2017 7:46 AM EDT

Kroger (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