Latest news with #Cincinnati
Yahoo
29 minutes ago
- Business
- Yahoo
Kroger Tops Profit Estimates, Sales Fall Short in 'Uncertain' Environment
Kroger (KR) reported fiscal first-quarter profits and identical sales growth that came in above analysts' projections Friday, but revenue fell short. The company reported adjusted earnings per share (EPS) of $1.49 on revenue that edged lower year-over-year to $45.12 billion. Analysts surveyed by Visible Alpha had forecast $1.45 and $45.21 billion, respectively. Kroger's identical sales excluding fuel rose 3.2%, better than the 2.3% increase that analysts had projected. "While first quarter sales and profitability exceeded our expectations, the macroeconomic environment remains uncertain and as a result other elements of our guidance remain unchanged," CFO David Kennerley said. Kroger did not give an update on its search for a new CEO, after its previous leader, Rodney McMullen, abruptly resigned days before last quarter's report following a company investigation into alleged misconduct. The retailer lifted its identical sales growth forecast for the full year to 2.25% to 3.25%, and affirmed the rest of its full-year projections. Last quarter, Kroger said it expected fiscal 2025 identical sales growth without fuel of 2% to 3% and adjusted EPS of $4.60 to $4.80. Kroger shares were little changed immediately after Friday's report. They entered the day up about 7% since the start of the year. Friday's report is Kroger's second since its proposed merger with Albertsons Companies (ACI) was called off after a judge ruled against it. The companies have since been entwined in legal fights, each accusing the other of violating their agreement. Read the original article on Investopedia Sign in to access your portfolio
Wall Street Journal
44 minutes ago
- Business
- Wall Street Journal
Kroger Posts Lower Profit, Sales
Kroger KR -0.65%decrease; red down pointing triangle logged lower profit and sales in its latest quarter, though the company slightly raised its 2025 same-store sales outlook on recent sales momentum despite an uncertain macroeconomic environment. The Cincinnati supermarket chain on Friday posted net income of $866 million, or $1.29 a share, for its three months ended May 24, compared with $947 million, or $1.29 a share, a year earlier. Kroger had about 664 million shares outstanding at the end of the recent quarter, compared with about 727 million a year earlier.
Yahoo
44 minutes ago
- Business
- Yahoo
Kroger's Q1 earnings top estimates, revenue falls short
-- Kroger reported first-quarter earnings that exceeded analyst expectations, while revenue fell slightly short of estimates. The grocery retailer also raised its full-year sales guidance but maintained its earnings outlook. Kroger (NYSE:KR)'s share price is flat in premarket trading. Kroger posted adjusted earnings per share of $1.49 for the first quarter, surpassing the analyst consensus of $1.45. Revenue came in at $45.12 billion, just below the $45.28 billion analysts had projected. Compared to the same quarter last year, revenue decreased slightly from $45.3 billion, primarily due to the sale of Kroger Specialty Pharmacy. The company reported identical sales growth without fuel of 3.2% YoY, driven by strong performance in pharmacy, eCommerce, and fresh categories. eCommerce sales jumped 15% compared to the previous year. "Kroger delivered solid first quarter results, with strong sales led by pharmacy, e-commerce and fresh," said CEO Ron Sargent. "We made good progress in streamlining our priorities, enhancing customer focus, and running great stores to improve the shopping experience." For the full fiscal year 2025, Kroger raised its identical sales without fuel guidance to a range of 2.25% to 3.25%, up from its previous forecast. However, the company maintained its adjusted earnings per share outlook of $4.60 to $4.80, in line with analyst expectations of $4.76. CFO David Kennerley commented, "Our strong sales results and positive momentum give us confidence to raise our identical sales without fuel guidance. While first quarter sales and profitability exceeded our expectations, the macroeconomic environment remains uncertain." Related articles Kroger's Q1 earnings top estimates, revenue falls short Darden Restaurants operating income slips in fourth quarter despite sales jump Accenture shares slide despite raised full-year outlook, third quarter beat Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
an hour ago
- Business
- Washington Post
Kroger: Fiscal Q1 Earnings Snapshot
CINCINNATI — CINCINNATI — Kroger Co. (KR) on Friday reported fiscal first-quarter net income of $866 million. On a per-share basis, the Cincinnati-based company said it had net income of $1.29. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.49 per share. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share. The supermarket chain posted revenue of $45.12 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $45.38 billion. Kroger expects full-year earnings in the range of $4.60 to $4.80 per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on KR at
Yahoo
an hour ago
- Business
- Yahoo
Kroger: Fiscal Q1 Earnings Snapshot
CINCINNATI (AP) — CINCINNATI (AP) — Kroger Co. (KR) on Friday reported fiscal first-quarter net income of $866 million. On a per-share basis, the Cincinnati-based company said it had net income of $1.29. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.49 per share. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share. The supermarket chain posted revenue of $45.12 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $45.38 billion. Kroger expects full-year earnings in the range of $4.60 to $4.80 per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on KR at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
