|Bid||45.72 x 1000|
|Ask||47.46 x 1200|
|Day's Range||46.67 - 46.91|
|52 Week Range||40.39 - 49.01|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.66|
|Expense Ratio (net)||0.64%|
Increased risk-on sentiments and higher valuations in consumer staples stocks are likely to undercut the lure of staples ETFs investing.
Investors could make a near-term bet on rate sensitive sectors in the basket form as these will continue to trade smoothly if interest rates remain steady.
While the rest of the market enjoyed a nice bump, consumer staples sector-related exchange traded funds weakened after Kraft Heinz Co. (NYSE: KHC) plummeted to a record low in response to a deluge of negative ...
Kroger (KR) reported its third-quarter earnings on December 6. For the quarter ended on November 10, Kroger (KR) posted an adjusted EPS of $0.48 on revenues of $27.67 billion, outperforming analysts’ EPS expectation of $0.43 and revenue estimate of $27.66 billion. The company’s alternative revenue streams, Kroger Personal Finance and Kroger Precision Marketing, posted strong performance for the quarter. However, the company’s same-store sales growth stood at 1.6%—slightly lower than analysts’ expectation of 1.7%.
First Trust Advisors L.P. announces the declaration of distributions for 128 exchange-traded funds advised by FTA.
Kroger (KR) posted its third-quarter earnings on December 6. For the quarter ending on November 10, the company posted an adjusted EPS of $0.48 on revenues of $27.67 billion. The company’s adjusted EPS grew 9.1% year-over-year, while its revenues declined 0.3%.
Kroger (KR) is scheduled to post its third-quarter earnings before the market opens on December 6. As of November 30, the company was trading at $29.66, a fall of 6.5% since the announcement of its second-quarter earnings on September 13.
On November 23, The Kroger Company (KR) was trading at $29.69, a fall of 6.4% since the announcement its second-quarter earnings on September 13. Currently, the company is trading 29.9% higher than its 52-week low of $22.85 and 9.3% lower to its 52-week high of $32.74.
As discussed, Kroger (KR) reported its fiscal Q2 2018 results September 13, beating analysts’ bottom-line estimate but missing their sales expectation. The sales miss was significant for investors, as competitors Walmart (WMT) and Target (TGT) had recently posted strong quarters. While Target recorded its best comps growth in 13 quarters, Walmart’s sales comps were its best in ten years. Kroger, on the other hand, once again missed analysts’ sales comps estimate despite strong macros.
Kroger’s (KR) sales comps continued to improve in the second quarter, and were positive for a fifth straight quarter. Excluding fuel, Kroger’s comps grew 1.6% in fiscal Q2 2018 but missed analysts’ estimate of a 1.9% increase. In comparison, retailers Walmart (WMT) and Target (TGT) recorded stronger comps growth, of 4.5% and 6.5%, respectively. Target recorded its highest-ever traffic jump of 6.4% during the quarter.
After a disappointing performance in 2017, the Kroger Company (KR) stock has delivered solid returns so far this year. Kroger has gained a substantial 51% over the past year and is the second-best-performing company in the S&P 500 Consumer Staples Index, trailing only Costco (COST) with its return of 54.5% in the same period. In comparison, Walmart (WMT) has risen 22% over the past year.
CVS Health’s (CVS) better-than-expected second-quarter results managed to please investors. The company’s share price soared 6% during the day on August 8 before finally settling at $68.17, 4.2% higher than the previous day’s close.