Kroger Co KR shares are trading higher after the company reported better-than-expected first-quarter EPS and sales results and raised FY21 guidance. The company also announced a $1 billion buyback.
Kroger reported quarterly earnings of $1.19 per share, which beat the analyst consensus estimate of $1.01 per share. Kroger also reported quarterly sales of $41.30 billion, which beat the analyst consensus estimate of $39.78 billion.
Kroger is the leading American grocer, with 2,742 supermarkets operating under several banners throughout the country as of the end of fiscal 2020. Around 82% of stores have pharmacies, while over half also sell fuel. Kroger also operated more than 150 fine jewelry stores at the end of fiscal 2020.
The stock was up 5.17% to $39.49 at publication time.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
