|Bid||0.00 x 2900|
|Ask||0.00 x 1200|
|Day's Range||44.46 - 44.71|
|52 Week Range||40.39 - 49.01|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.64|
|Expense Ratio (net)||0.64%|
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.
Rite Aid’s stock has plunged around 18% this year after falling 76% last year. Rite Aid is now sitting 202% below its 52-week high price. The delay and eventual termination of its initial deal with Walgreens’s (WBA) announced in October 2015 hurt the company’s stock price last year.
The proposed Albertsons-Rite Aid merger has several strategic and financial benefits, which we’ll discuss in this article. The combination of Albertsons’ grocery offerings and Rite Aid’s (RAD) pharmacy expertise will provide customers more shopping options. Albertsons is planning to offer a wide range of health and wellness services including specialty pharmacy and in-store RediClinics (Rite Aid’s clinics) in Albertsons’ stores as well as standalone Rite Aid stores.