Kroger Q2 EPS $0.96 Beats $0.91 Estimate, Sales $33.85B Miss $34.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kroger reported Q2 earnings of $0.96 per share, beating the analyst consensus estimate of $0.91 by 5.49%. However, the company's quarterly sales of $33.85 billion missed the analyst consensus estimate of $34.13 billion by 0.81%.
September 08, 2023 | 12:01 pm
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NEUTRAL IMPACT
Kroger's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Kroger's earnings beat could be seen as a positive sign by investors, potentially driving the stock price up. However, the missed sales estimate could also cause concern, potentially leading to a drop in the stock price. The net effect is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100