Kroger: Significant Upside Potential Even Without Merger
In 3Q24, Kroger generated $33.91 billion in sales, posting a 0.17% year-on-year gain. The company revised guidance upwards and expects full-year topline growth to range between 1.20% and 1.50%. Kroger's potential merger with Albertsons could bring $1.5 billion in synergies, enhancing shareholder returns beyond the traditional 8-11% range. Operational efficiency initiatives, including RFID tags and AI, are expected to improve margins and drive substantial shareholder value.
Kroger Stock Is Cheap, Even As Shares Dip In Post-Earnings Period
Value investing in The Kroger Co. proves resilient despite mixed Q3 results, with shares up 8.2% since September and 201% since 2017. Revenue fell short of expectations, but excluding fuel and Specialty Pharmacy sales, revenue increased by 2.7% year-over-year. Adjusted earnings per share rose to $0.98, aligning with analyst expectations, while operating cash flow nearly doubled to $926 million.
Kroger's Digital Engagement Strategy Drives Growth Amid Sluggish Sales
Despite Kroger's third-quarter results taking a slight a dip, digital growth is still making a splash. Kroger's digital transformation continues to show promising results as digital sales surged by 11%, driven by strong performance in customer fulfillment centers (CFCs) and a boost in delivery sales, which grew by 18%.
Kroger earnings: Why the Albertsons deal could be in trouble
Kroger (KR) reported mixed third quarter results, with revenue falling short of Wall Street estimates. The big question for investors remains: Will the company's merger with Albertsons (ACI) be approved?
The Kroger Co. (KR) Q3 2024 Earnings Call Transcript
The Kroger Co. (NYSE:KR ) Q3 2024 Earnings Conference Call December 5, 2024 10:00 AM ET Company Participants Robert Quast - Senior Director, Investor Relations Rodney McMullen - Chairman and CEO Todd Foley - Interim Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Rupesh Parikh - Oppenheimer Leah Jordan - Goldman Sachs Ken Goldman - JPMorgan Ed Kelly - Wells Fargo Michael Lasser - UBS John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Robert Dickerson - Jefferies Jacob Aiken-Phillips - Melius Research Chuck Cerankosky - Northcoast Research Operator Good morning. And welcome to The Kroger Co. Third Quarter 2024 Earnings Conference Call.
Kroger CEO on the Albertsons merger, customers capacity to spend
Rodney McMullen, Kroger chairman and CEO, joins 'Money Movers' to discuss McMullen's thoughts on the proposed merger with Albertsons, if there are any regrets about the pursuit of acquisition, and much more.
Kroger's Q3 Earnings Match Estimates, FY24 Guidance Tightened
Kroger delivers adjusted earnings of 98 cents per share, matching the Zacks Consensus Estimate. Identical sales without fuel rise 2.3%.
Kroger Misses Q3 Revenue Estimates, Narrows Guidance
Shares Kroger Co (NYSE:KR) are trading flat at $59.84 at last glance, after the company reported mixed third-quarter results before today's opening bell.
Kroger (KR) Meets Q3 Earnings Estimates
Kroger (KR) came out with quarterly earnings of $0.98 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.95 per share a year ago.
Kroger Results Mostly Weaker Than Estimates as Albertsons Deal Remains Uncertain
Kroger (KR) shares slipped Thursday after the grocery giant reported third-quarter results mostly below analysts' estimates.
Kroger's sales growth dinged by lower fuel prices and more, sending stock lower
Kroger Co.'s stock fell 4% early Thursday, after the grocery chain's third-quarter revenue fell below expectations, weighed down by the sale of its specialty pharmacy business and as fuel sales were hit by lower prices.
Kroger beats quarterly sales estimates on robust grocery demand
Kroger on Thursday tightened its annual revenue and profit forecasts and beat quarterly same-store sales expectations, benefiting from a surge in customers shopping for its lower priced and freshly sourced groceries at its stores and online.
