The Kroger Co. (NYSE:KR ) Q2 2024 Earnings Conference Call September 12, 2024 10:00 AM ET Company Participants Rob Quast - Senior Director of IR Rodney McMullen - Chairman and CEO Todd Foley - Interim CFO Conference Call Participants Edward Kelly - Wells Fargo Securities Kelly Bania - BMO Capital Markets Anders Myhre - Guggenheim Partners Leah Jordan - Goldman Sachs Simeon Gutman - Morgan Stanley Michael Montani - Evercore ISI Kenneth Goldman - JPMorgan Rupesh Parikh - Oppenheimer Mark Carden - UBS Robert Ohmes - Bank of America Merrill Lynch Chuck Cerankosky - Northcoast Research Joe Feldman - Telsey Advisory Group Operator Good morning, and welcome to The Kroger Co. Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
As economic uncertainty looms, Kroger Co (NYSE: KR) is emerging as a potential haven for investors. The grocery giant, known for its strong consumer staples portfolio, offers a solid dividend yield of 2.34%, positioning it well to deliver stable returns during tough economic times.
Kroger delivers adjusted earnings of 93 cents per share, edging past the Zacks Consensus Estimate by one cent.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 50 points on Thursday.
Kroger (KR) shares surged Thursday after it better-than-expected adjusted profit for the second quarter.
Kroger (KR) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.96 per share a year ago.
Kroger's CEO says the company is still committed to closing its merger with Albertsons, despite regulatory pushback.
Kroger beat Wall Street estimates for quarterly same-store sales and raised the lower end of its annual sales forecast on Thursday, as its efforts to offer freshly sourced groceries at lower prices helped pull in customers looking to save dollars.
Kroger is scheduled to report earnings before Thursday's open. The stock hit a record high of $62.78/share in 2022 and is currently trading near $52.
The Kroger Co. KR will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 12.
Supermarket operator Kroger Co (NYSE:KR) is scheduled to take to the earnings confessional before the market opens on Thursday, Sept.
Get a deeper insight into the potential performance of Kroger (KR) for the quarter ended July 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.