Kroger Co. (The)

KR

US5010441013

Food Retail & Distribution

Market Closed - Nyse Other stock markets 04:00:02 2024-05-03 pm EDT			5-day change	1st Jan Change
54.78 ^USD	-0.56%		-2.02%	+19.84%

May. 02	Regency Centers beats quarterly FFO estimates, raises annual forecast	RE
May. 02	Bird flu outbreak in dairy cows fails to deter US raw milk sellers	RE

The Kroger Co. Reports Earnings Results for the Third Quarter and Nine Months Ended November 05, 2022

December 01, 2022 at 08:00 am EST

The Kroger Co. reported earnings results for the third quarter and nine months ended November 05, 2022. For the third quarter, the company reported sales was USD 34,198 million compared to USD 31,860 million a year ago. Net income was USD 398 million compared to USD 483 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.64 a year ago.
For the nine months, sales was USD 113,436 million compared to USD 104,840 million a year ago. Net income was USD 1,793 million compared to USD 1,090 million a year ago. Basic earnings per share from continuing operations was USD 2.47 compared to USD 1.44 a year ago. Diluted earnings per share from continuing operations was USD 2.44 compared to USD 1.43 a year ago.

Latest news about Kroger Co. (The)

Regency Centers beats quarterly FFO estimates, raises annual forecast	May. 02	RE
Bird flu outbreak in dairy cows fails to deter US raw milk sellers	May. 02	RE
Kroger in Talks to Offer Disney's Streaming Service to Its Grocery Delivery Program	May. 01	MT
Kroger in talks to bring Disney+ to its grocery delivery program, Bloomberg News says	May. 01	RE
Kroger Reportedly in Discussions to Offer Disney+ in its Grocery Delivery Program	May. 01	MT
US FTC seeks additional information on Walmart and Vizio's $2.3 bln deal	Apr. 30	RE
Walmart launches new private-label food brand as competition heats up	Apr. 30	RE
Kroger Insider Sold Shares Worth $368,467, According to a Recent SEC Filing	Apr. 29	MT
Kroger Insider Sold Shares Worth $1,693,451, According to a Recent SEC Filing	Apr. 26	MT
Kroger Insider Sold Shares Worth $4,605,194, According to a Recent SEC Filing	Apr. 24	MT
Kroger Insider Sold Shares Worth $1,713,685, According to a Recent SEC Filing	Apr. 24	MT
Kroger to Pay $47.5 Million to Settle Washington Opioid Lawsuit, State Attorney General Says	Apr. 23	MT
Consumer Cos Climb, Recouping Some Losses -- Consumer Roundup	Apr. 22	DJ
News Highlights : Top Company News of the Day - Monday at 5 PM ET	Apr. 22	DJ
News Highlights : Top Company News of the Day - Monday at 7 PM ET	Apr. 22	DJ
US FTC sues to block $8.5 bln takeover of Capri by Tapestry	Apr. 22	RE
Sector Update: Consumer Stocks Higher in Late Afternoon Trading	Apr. 22	MT
News Highlights : Top Company News of the Day - Monday at 3 PM ET	Apr. 22	DJ
Sector Update: Consumer Stocks Advance in Afternoon Trading	Apr. 22	MT
Sector Update: Consumer	Apr. 22	MT
News Highlights : Top Company News of the Day - Monday at 1 PM ET	Apr. 22	DJ
Top Midday Stories: Verizon Shares Down, Truist Shares Up Post Earnings; CNH Industrial Names New Chief Executive; Tesla Dissolves Newly Created Marketing Team	Apr. 22	MT
News Highlights : Top Company News of the Day - Monday at 11 AM ET	Apr. 22	DJ
Albertsons Reports Mixed Fourth Quarter as Divestiture Plan for Kroger Deal Expands	Apr. 22	MT
Kroger, Albertsons Amend Divestiture Plan Related to Proposed Merger	Apr. 22	MT

Chart Kroger Co. (The)

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Company Profile

Kroger Co. is one of the American leaders in food products distribution. Net sales break down by activity as follows: - distribution of non-perishable food products (50.6%). In addition, the group offers general merchandise products (apparel, home fashion and furnishings, outdoor living, electronics, automotive products and toys), health care and beauty products, and natural products; - distribution of fresh produce (24.6%): fruit and vegetables, meat products, seafood, fine groceries, bakery products, fresh prepared products, etc.; - operation of supermarkets with service stations (10.6%); - distribution of pharmaceutical products (9%); - other (5.2%): primarily manufacturing of food products for third parties through 33 production sites (bakeries and dairy plants) located in the United States. As of 29/02/2022, As of January 29, 2022, business is ensured through 2,726 supermarkets (of which 2,252 had pharmacies and 1,613 had fuel centers). All sales are in the United States.

Sector

Food Retail & Distribution

Calendar

2024-05-08 - Northcoast Research Conference

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S&P 500

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Analysis / Opinion

INTERVIEW - Kroger CEO Rodney McMullen confident about $24bn Albertsons buyout

May 11, 2023 at 12:15 pm EDT

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Ratings for Kroger Co. (The)

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

55.09 USD

Average target price

58.06 USD

Spread / Average Target

+5.39%

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Quarterly earnings - Rate of surprise

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Other Food Retail & Distribution

Kroger Co. (The)

Equities

KR

US5010441013

Food Retail & Distribution

The Kroger Co. Reports Earnings Results for the Third Quarter and Nine Months Ended November 05, 2022

EPS Revisions