Recap: Kroger Q3 Earnings

Shares of Kroger KR moved lower by 4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 51.06% over the past year to $0.71, which beat the estimate of $0.67.

Revenue of $29,723,000,000 up by 6.25% year over year, which missed the estimate of $29,970,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Kroger hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Dec 03, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/kr/mediaframe/42139/indexr.html

Price Action

52-week high: $37.22

Company's 52-week low was at $26.25

Price action over last quarter: down 1.34%

Company Profile

Kroger is the leading American grocer, with 2,757 supermarkets operating under several banners throughout the country as of the end of fiscal 2019. Around 82% of stores have pharmacies, while over half also sell fuel. The company also operated more than 300 fine jewelry stores at the end of fiscal 2019. Kroger features a leading private-label offering and manufactures around a third of its own-brand units (and 42% of its grocery own-label assortment) itself, in 35 food production plants nationwide. Kroger is a top-two grocer in 90% of its major markets (as of late 2019, according to Planet Retail and Edge Retail Insight data cited by the company). Virtually all of Kroger's sales come from the United States.