29.05 -0.24 (-0.82%)
Pre-Market: 8:15AM EDT
|Bid||29.05 x 29200|
|Ask||29.25 x 1300|
|Day's Range||28.82 - 29.43|
|52 Week Range||19.69 - 32.74|
|PE Ratio (TTM)||7.20|
|Earnings Date||Dec 6, 2018|
|Forward Dividend & Yield||0.56 (2.01%)|
|1y Target Est||30.82|
Analysts’ ratings for Kroger (KR) were unchanged after its Q2 results release, and it has stayed at 2.4 on a scale of 1 (“strong buy”) to 5 (“sell”). However, Credit Suisse cut the company’s price target from $33 to $32. Walmart’s (WMT), Costco’s (COST), and Target’s (TGT) ratings are 2.4, 2.0, and 2.7, respectively.
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.
"When you look at BABA, they're growing faster than Amazon, and they're priced at one-third the multiple," said Mark Tepper, the Chief Executive Officer (CEO) and president at Strategic Wealth Partners, in an interview with CNBC's Trading Nation on Thursday. Earlier this year, Amazon became the second U.S. corporation to surpass $1 trillion in market capitalization, later pulling back to trade just below $2,000 per share.
British online grocer Ocado said on Tuesday that Kroger, its most important partner, had made good progress identifying locations for the first of at least 20 sites to build automated warehouses in the United States. In May, the U.S. supermarket group struck a deal with Ocado to ratchet up its delivery business with the construction of robotically operated warehouses, upping the ante in its battle with Amazon.
Shares of Kroger (KR) climbed over 3.7% Monday just a few trading days after the company saw its stock price sink following the release of its second-quarter financial results. Monday's jump followed Kroger's launch of a new clothing brand that looks poised to help the grocery giant continue to compete against the likes of Target (TGT) and Walmart (WMT).
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.
In fiscal Q2 2018, Kroger’s (KR) top line grew 1% YoY (year-over-year) to $27.87 billion, missing analysts’ estimate by $90 million and marking the first quarterly sales miss for the supermarket chain in eight quarters. It was also the company’s slowest growth in 11 quarters. Its total sales (excluding fuel, its divested convenience store business, and its merger with Home Chef) improved 1.8% YoY.
Kroger (KR) reported its fiscal Q2 2018 (ended August 18) results on September 13, delivering better-than-expected EPS but missing analysts’ top-line expectation. Its adjusted EPS rose 5% YoY (year-over-year) to $0.41, beating analysts’ estimate by $0.04. Its total revenue grew 1% YoY to $27.87 billion, missing analysts’ estimate by $90 million. Kroger had not missed analysts’ expectations for seven quarters.
Kroger (NYSE:KR) suffered an alarming decline, losing nearly 10% on Thursday. Not only that, the volatility is likely not over for Kroger stock. On paper and without context, Kroger managed a solid earnings beat for the second quarter.
Kroger Co. doesn’t just want to sell customers good food these days. The Cincinnati-based grocery chain is getting further into the style business as it launches its own clothing line, called Dip, to 300 Kroger Marketplace and Fred Meyer shops starting Monday. Dip was designed by Joe Mimran, whose past launches in his 300-year fashion career include Club Monaco, Joe Fresh and Pink Tartan.
Grocer Kroger Co (NYSE: KR ) reported second-quarter results Thursday that prompted the stock's largest sell-off in six months. The company said it earned 41 cents per share in Q2 on revenue of $27.869 ...
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CINCINNATI, Sept. 17, 2018 /PRNewswire/ -- The Kroger Co. (KR) announced today Dip – its new fresh, fun, effortless style brand – is rolling out nationwide this week to 300 Fred Meyer and Marketplace format stores. "Dip creates a new experience for our customers, focusing on a thoughtfully designed and curated collection that is simple, stylish and affordable," said Christina Groth, Kroger's vice president of general merchandise. To create a cohesive and compelling brand experience, Kroger leveraged customer insights provided by 84.51° and recruited talented fashion designer Joe Mimran, best known for Club Monaco, Pink Tartan and Joe Fresh, to lead the creative and design vision.
Kroger Co. (KR), the American retailing company, came out with its second quarter earnings on Sept.13. Kroger posted adjusted net earnings per share of 41 cents, which was 3 cents more than analysts' estimates. Warning! GuruFocus has detected 3 Warning Signs with KR.
A new round of tariffs sucked the wind out of the markets on Friday, but not enough to snowball any sort of large declines into the weekend. U.S. equities traded around flat on Friday, surprising given the decent rally we’ve had this week. Let’s look at our top stock trades.Top Stock Trades for Monday #1: General Electric
(KR)’s (KR) results may point to more grocery share gains for (WMT) (WMT) and (TGT) (TGT), argues Credit Suisse. Where we were: Kroger was the worst-performing stock in the S&P 500 on Thursday, following its lackluster second-quarter results. Where we’re headed: Big-box stores’ gains in the food space may be sustainable, says Credit Suisse, which expects bigger, deep-pocketed players to dominate.
Target's (TGT) launch of same-day delivery of groceries, electronics, toys and other product assortments in New York and Pennsylvania through Shipt is likely to generate higher revenues, going ahead.
NEW YORK, NY / ACCESSWIRE / September 14, 2018 / The Hershey Company may not have seen a huge gain on Thursday but did head a little higher this week after the company announced on Wednesday that it would be buying snack food Pirate’s Booty owner B&G Foods for $420 million. The Hershey Company shares were up a modest 0.55% yesterday on about a million shares traded. Hershey is buying Pirate Brands from B&G Foods Inc. for $420 million in an all-cash deal.