Guggenheim Reiterates Buy Rating on Kroger (KR)
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Kroger (KR) PT Lowered to $48.65 at R5 Capital
June 17, 2022 8:20 AM EDTR5 Capital analyst Scott Mushkin lowered the price target on Kroger (NYSE: KR) to $48.65 (from $55.26) while maintaining a Hold rating.... More
Kroger (KR) PT Raised to $53 at Deutsche Bank
June 17, 2022 6:41 AM EDTDeutsche Bank analyst Paul Trussell raised the price target on Kroger (NYSE: KR) to $53.00 (from $50.00) while maintaining a Hold rating.... More
Kroger (KR) PT Lowered to $50 at BMO Capital
June 17, 2022 6:36 AM EDTBMO Capital analyst Kelly Bania lowered the price target on Kroger (NYSE: KR) to $50.00 (from $57.00) while maintaining a Market Perform rating.... More
Kroger Said Customers 'Aggressively' Moving to Store Brand Products Amid Inflation Bite
June 16, 2022 10:53 AM EDTOn its earnings conference call Thursday, Kroger (NYSE: KR) CEO William McMullen said customers are "aggressively" buying private label products, versus branded products, as they feel the pinch of inflation.
"... customers are aggressively starting to buy our brands and what they're... More
Evercore ISI on Kroger (KR): 'Risk remains for KR and grocer peers'
June 16, 2022 9:47 AM EDTEvercore ISI analyst Salvator Tiano reiterated an In Line rating and $52.00 price target on Kroger (NYSE: KR).
The analyst comments "Risk remains for KR and grocer peers from competition vs. other retail sectors, normalization of food at home vs. food away from home... More
Citi on Kroger (KR): 'May Not Be Enough In This Environment'
June 16, 2022 9:45 AM EDTCiti analyst Paul Lejeuz reiterated a Sell rating and $45.00 price target on Kroger (NYSE: KR).
The analyst comments "EPS of $1.45 beat cons of $1.29, while ID sales (+4.1%) were in line (but may have been slightly below market expectations for a beat). With... More
JPMorgan on Kroger (KR): 'Good but probably not good enough'
June 16, 2022 9:44 AM EDTJPMorgan analyst Ken Goldman reiterated a Neutral rating and {REMOVEPT} price target on Kroger (NYSE: KR).
The analyst comments "Theres nothing wrong per se in this release. Pre-COVID, a quarter like this strong IDs, a big operating profit beat, a guidance raise likely... More
Telsey on Kroger (KR): 'We believe Kroger's strong 1Q22 sales performance reflects benefits from inflation'
June 16, 2022 9:40 AM EDTTelsey analyst Joseph Feldman reiterated an Outperform rating and $64.00 price target on Kroger (NYSE: KR)
The analyst comments "Kroger reported better-than-expected 1Q22 earnings and raised its 2022 guidance. Adjusted 1Q22 EPS of $1.45 beat our estimate of $1.30 and the FactSet consensus (FS) of $1.29, driven by better-than-anticipated ID... More
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Kroger (KR) Shares Fall Despite Beat and Raise Q1
June 16, 2022 8:21 AM EDTKroger (NYSE: KR) shares fell 4% in pre-open trading Thursday despite posting better than expected first-quarter results and raising 2022 guidance.
The grocery chain reported Q1 adjusted EPS of $1.45, which beat the consensus of $1.29.
Identical Sales without fuel increased 4.1% in the quarter. Fresh Department identical sales increased 5.2% while... More
Kroger boosts profit outlook as essentials focus pays off
June 16, 2022 8:13 AM EDTBy Praveen Paramasivam
(Reuters) -Kroger Co raised its profit expectations for the year on Thursday, the latest retailer to defy the inflation-driven slump gripping Corporate America by focusing on essentials.
Major retailers including Walmart and Target have in recent weeks sounded alarm bells over the toll inflation is taking on U.S. shoppers, stoking fears the economy could be heading into recession.
But with people prioritizing spending on groceries and necessities... More
Kroger (KR) Tops Q1 EPS by 16c, Raises Guidance
June 16, 2022 8:03 AM EDTKroger (NYSE: KR) reported Q1 EPS of $1.45, $0.16 better than the analyst estimate of $1.29. Revenue for the quarter came in at $44.6 billion versus the consensus estimate of $43.68 billion.
GUIDANCE:
Kroger sees FY2022 EPS of $3.85-$3.95, versus the consensus of $3.84.
For earnings history and earnings-related data on Kroger (KR) click here.
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