Kroger (KR) shares down despite beating Q1 profit expectations
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Kroger maintains annual targets despite quarterly profit beat, shares slip
June 15, 2023 8:10 AM EDTBy Granth Vanaik
(Reuters) - Supermarket chain Kroger in a cautious move on Thursday reaffirmed its annual forecasts after it beat Wall Street estimates for first-quarter profit and same-store sales on steady demand for essentials and easing supply chain costs.
Shares of the retailer, which had consistently raised its outlook over the past two years, fell 4.5% to $45.07 after the dull forecast.
"Investors wanted to see a forecast raise," said Telsey Advisory Group analyst Joseph... More
Kroger (KR) Tops Q1 EPS by 7c, Reaffirms Guidance
June 15, 2023 8:01 AM EDTKroger (NYSE: KR) reported Q1 EPS of $1.51, $0.07 better than the analyst estimate of $1.44. Revenue for the quarter came in at $45.2 billion versus the consensus estimate of $45.21 billion.
GUIDANCE:
Kroger sees FY2024 EPS of $4.45-$4.60, versus the consensus of $4.50.
Identical sales without... MoreFed's rate trajectory, ECB decision, China rate cut - what's moving markets
June 15, 2023 7:03 AM EDTInvesting.com -- The Federal Reserve has paused rate hikes for now, but not for long, while China's central bank is heading in the opposite direction, cutting interest rates. The European Central Bank is up next, and is expected to continue tightening its monetary policy.
1. Fed signals more hikes ahead
The U.S. Federal Reserve announced a pause in its rate-hike cycle on Wednesday, as widely expected, the first such move since it started increasing interest rates to combat soaring inflation in March last year.
... MoreKroger (KR) June 47 straddle into quarter results
June 15, 2023 5:07 AM EDTKroger (NYSE: KR) June 47 straddle is priced for a move of 6% into the expected release of quarter results today before the bell.
... MoreRetail sales, Adobe earnings, Kroger reports: 3 things to watch
June 14, 2023 4:13 PM EDTInvesting.com -- Stocks sank after the Federal Reserve said more interest rate increases were possible this year even though it was going to wait out June keeping rates steady.
It's the Fed's first pause in over a year, but the central bank is projecting two further hikes in the pipeline. The Fed increased its... More
Kroger (KR) June option implied volatility elevated into quarter results
June 14, 2023 10:49 AM EDTKroger (NYSE: KR) June option implied volatility is at 96, July is at 32; compared to its 52-week range of 19 to 52 into the expected release of quarter results before the bell on June 15.
... MoreKroger (KR) June 47 straddle into quarter results
June 14, 2023 3:55 AM EDTKroger (NYSE: KR) June 47 straddle is priced for a move of 6% into the expected release of quarter results before the bell on June 15.
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June 13, 2023 4:27 PM EDTInvesting.com -- Beyond Meat Inc (NASDAQ: BYND) shares surged on Tuesday after it introduced a new version of its meatless sausage for distribution at... More
Kroger (KR) June option implied volatility into quarter results
June 13, 2023 10:30 AM EDTKroger (NYSE: KR) June option implied volatility is at 82, July is at 32; compared to its 52-week range of 19 to 52 into the expected release of quarter results before the bell on June 15.
... MoreKroger (KR) June 46.50 straddle into quarter results
June 13, 2023 5:21 AM EDTKroger (NYSE: KR) June 46.50 straddle is priced for a move of 6% into the expected release of quarter results before the bell on June 15.
... More