Kroger Announces Extension of Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. Notes
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September 13, 2024 1:00 PM EDT
Roth/MKM analyst Bill Kirk raised the price target on Kroger (NYSE: KR) to $52.00 (from $50.00) while maintaining a Neutral rating.
The analyst comments "Kroger delivered a 2Q beat, but y/y earnings continue to contract. With a revised outlook of higher... More
September 12, 2024 4:52 PM EDT
Jefferies analyst Rob Dickerson raised the price target on Kroger (NYSE: KR) to $54.00 (from $53.00) while maintaining a Hold rating.
The analyst comments "KR's stock had a strong day post Q2 results as ID sales +1.2% was ~40 bps ahead of cons. and... More
September 12, 2024 4:35 PM EDT
Telsey analyst Joseph Feldman reiterated an Outperform rating and $62.00 price target on Kroger (NYSE: KR).
The analyst comments "TAG Thesis: We continue to expect Kroger to benefit from its Leading with Fresh and Accelerating with Digital strategy. Krogers growth and market... More
September 12, 2024 10:01 AM EDT
Evercore ISI analyst Michael Montani reiterated an Outperform rating and $62.00 price target on Kroger (NYSE: KR).
The analyst comments "Kroger 2Q results featured positive ID sales (+1.2%) and growing traffic/households with FIFO gross margin (+42bps YoY) driving a 2 cent EPS beat ($0.93 v $0.91). Solid results overall, in light of concerns around a slowing core consumer and rising competitive intensity, in our view. Street EPS likely hovers around its prior $4.44, with the $4.30-$4.50 full year guide reiterated. We believe KRs multiple should improve with ID sales trending higher, the share loss gap narrowing, and... More
September 12, 2024 8:20 AM EDT
Kroger (NYSE: KR) reported better-than-expected second-quarter earnings on Thursday, prompting the grocery chain to raise the low end of its full-year sales forecast. The company's stock rose 1.2% following the announcement.
Kroger posted adjusted earnings per share of $0.93 for the quarter ended August 12, surpassing analysts' estimates of $0.91. Revenue came in at $33.91 billion, slightly below the... More
