Kroger (KR) and Albertsons (ACI) stock have hovered near 52-week highs with both acting as a defensive hedge against recent market volatility.
Kroger saw growth in digital sales, employees' use of artificial intelligence (AI) tools and the benefits of personalization during its fourth quarter, which ended Feb. 1, executives said Thursday (March 6) during the grocery giant's quarterly earnings call. The company saw 11% growth in digital sales during the fourth quarter, outpacing its 2.
The Kroger Co. (NYSE:KR ) Q4 2024 Earnings Call Transcript March 6, 2025 10:00 AM ET Company Participants Robert Quast - VP, IR Ron Sargent - Interim CEO Todd Foley - Interim CFO Conference Call Participants Simeon Gutman - Morgan Stanley Leah Jordan - Goldman Sachs Michael Lasser - UBS John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Rupesh Parikh - Oppenheimer Ed Kelly - Wells Fargo Ken Goldman - JPMorgan Karen Short - Melius Research Chuck Cerankosky - Northcoast Research Krisztina Katai - Deutsche Bank Joe Feldman - Telsey Advisory Group Kelly Bania - BMO Operator Good morning, and welcome to The Kroger Co. Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
The Kroger earnings report showed a less-than-feared decline. Kroger stock jumped as online grocery sales grow double digits.
KR's fourth-quarter results reflect a year-over-year sales decline. Nonetheless, 2025 plans include new stores, dividend growth and buybacks to drive momentum.
Kroger (KR) shares are jumping Thursday morning as the grocery chain's better-than-expected quarterly earnings offset a soft outlook.
Kroger (KR) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.34 per share a year ago.
Grocery chain giant Kroger (KR -1.03%) reported mixed fourth-quarter and full-year 2024 results on Thursday, March 6. Adjusted EPS was $1.14, topping consensus expectations while matching last year's figure.
Kroger's fiscal 2025 projection falls short of analyst estimates as the latest big store chain to issue downbeat guidance.
The supermarket giant continues to push various growth initiatives despite higher grocery prices hitting the pocketbooks of consumers.
Kroger's ex-CEO forfeited more than $11 million in bonus and stock payments when he resigned. Rodney McMullen still had hundreds of millions in Kroger stock, according to the filings.
Kroger Co (NYSE:KR) is gathering attention this morning, after CEO Rodney McMullen suddenly resigned amid an investigation into his personal conduct.