|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||29.30 - 30.00|
|52 Week Range||19.69 - 32.74|
|PE Ratio (TTM)||7.36|
|Earnings Date||Dec 6, 2018|
|Forward Dividend & Yield||0.56 (2.01%)|
|1y Target Est||30.82|
Shares of Kroger (NYSE:KR) fell 10% in early trade Sept. 13 after it released earnings that beat estimates on the bottom line but came up short on the top. Kroger said it earned $797 million, 62 cents per share fully diluted, on sales of $27.869 billion, and declared a 14 cent per share dividend. The fall may have been inevitable considering the rise in Kroger stock since March when it dropped to as low as $23 per share.
Target's (TGT) launch of same-day delivery of groceries, electronics, toys and other product assortments, in Central California, through Shipt, is likely to generate higher revenues.
Kroger Co. is “making good progress” on selecting sites with British online grocery delivery company Ocado for three automated distribution centers around the U.S.
Since mid-April, Costco Wholesale Corporation (NASDAQ:COST) stock has had quite a run. COST stock was somewhat choppy in 2017, but 2018 has been a different story. Costco stock has gained 25% so far this year, and nearly all of the gains have come over the last five months.
Amazon (NASDAQ:AMZN) got to a trillion dollar valuation because of its online services. Bloomberg shook the markets on Wednesday when it reported that Amazon is planning on opening 3,000 cashier-less AmazonGo convenience stores by 2021. To put that number in perspective, there are less than 10 AmazonGo stores open today, and convenience store giant 7-Eleven has less than 10,000 stores in the U.S.
CINCINNATI, Sept. 20, 2018 /PRNewswire/ -- The Kroger Co.'s (KR) Board of Directors today declared a quarterly dividend of 14¢ per share to be paid on December 1, 2018, to shareholders of record as of the close of business on November 15, 2018. "Restock Kroger is designed to reposition our core business by 2020 while continuing to deliver for shareholders," said Rodney McMullen, Kroger's chairman and CEO.
Amazon (NASDAQ:AMZN) opened its first cashier-less Amazon Go store in Seattle at the start of this year, and Amazon stock is up 71 basis points in early morning trading. The report suggests AMZN plans to open 3,000 Amazon Go store within three years, blanketing major metropolitan centers with stores selling snacks and fresh, packaged food. The impact of that expansion would be felt by everyone from convenience stores to fast food restaurants and grocery stores. Still, Amazon faces myriad challenges with its planned expansion of its cashless stores.
Several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices, according to the GuruFocus All-in-One Screener. Warning! GuruFocus has detected 1 Warning Sign with SID. The Peter Lynch value gives the stock a fair price of $14.85, which suggests it is undervalued with a 86% margin of safety.
Amazon is considering opening 3,000 of its cashierless stores by 2021, Bloomberg reports. The e-commerce giant currently has three locations — known as Amazon Go — open in Seattle, where Amazon is headquartered, and on Monday opened a location in Chicago. Shares of retailers including CVS, Walgreens, Walmart, Target and Kroger moved sharply lower Wednesday afternoon following the news.
Roundy’s Supermarkets Inc. president Michael Marx has been selected to lead the grocer’s operations in Wisconsin and Illinois in a consolidation of the divisions that operate Pick 'n Save and Mariano's stores. Cincinnati-based Kroger Co. recently decided to combine the divisions in a move to streamline operations. Following the acquisition, Kroger named Marx as head of the Wisconsin division and Don Rosanova the president of Chicagoland-based Mariano’s. Kroger said this week that Rosanova is retiring effective Sept. 29.
CINCINNATI, Sept. 19, 2018 /PRNewswire/ -- One year ago today, The Kroger Co. (KR) announced the launch of Zero Hunger | Zero Waste, the company's bold social impact plan aimed at ending hunger in the communities it calls home and eliminating waste across the company by 2025. "It's amazing how much our incredibly dedicated Kroger team has been able to accomplish in our first year of Zero Hunger | Zero Waste," said Jessica Adelman, Kroger's group vice president of corporate affairs.
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.