Kroger (KR) shares dip after missing revenue expectations
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Kroger (KR) shares reverse early losses, gain 4%
September 8, 2023 10:21 AM EDTAfter opening down 2% following earnings pre-open, Kroger (NYSE: KR) shares are now up 4.2%:
Kroger missed on the top-line, but beat on the bottom line and reaffirmed its outlookcomments from the company's conference call could be helpingOn... MoreKroger (KR) and Albertsons (ACI) Announce Comprehensive Divestiture Plan with C&S Wholesale Grocers, LLC in Connection with Proposed Merger
September 8, 2023 8:16 AM EDTThe Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) announced today that they have entered a definitive agreement with C&S Wholesale Grocers, LLC for the sale of select stores, banners, distribution centers, offices and private label brands in connection with their... More
Kroger (KR) Tops Q2 EPS by 5c, Sales Miss; Reaffirms Outlook
September 8, 2023 8:01 AM EDT(Updated - September 8, 2023 8:01 AM EDT)
Kroger (NYSE: KR) reported Q2 EPS of $0.96, $0.05 better than the analyst estimate of $0.91. Revenue for the quarter came in at $33.9 billion versus the consensus estimate of $34.12 billion.
GUIDANCE:
Kroger reaffirms FY2024 EPS of $4.45-$4.60, versus the... More
Kroger (KR) Reaches Agreement in Principle for Nationwide Opioid Settlement; to Pay $1.2B
September 8, 2023 7:57 AM EDTThe Kroger Co. (NYSE: KR) has reached an agreement in principle with plaintiffs to settle the majority of opioid claims that have been or could be brought against the Company by states, subdivisions, and Native American tribes.
Along with the execution of certain non-monetary conditions that remain in discussion, Kroger has agreed to pay up to $1.2 billion to states and subdivisions and $36 million to Native American tribes in funding for abatement efforts (both to... More
