Kroger Q3 Adj. EPS $0.95 Beats $0.91 Estimate, Sales $33.96B Beat $33.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kroger Co. (NYSE: KR) reported Q3 adjusted earnings per share (EPS) of $0.95, surpassing the $0.91 analyst estimate, marking a 4.4% beat and a 7.95% increase from last year's $0.88 EPS. Quarterly sales reached $33.96 billion, slightly above the $33.92 billion estimate, but representing a 0.70% decline from the previous year's $34.20 billion.
November 30, 2023 | 1:01 pm
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POSITIVE IMPACT
Kroger's Q3 earnings beat estimates with an EPS of $0.95 and sales of $33.96B, indicating financial strength and potential investor confidence.
Kroger's better-than-expected earnings and sales figures are likely to instill confidence in investors, potentially leading to a short-term positive impact on the stock price. The EPS beat and the slight sales beat, despite a year-over-year sales decline, suggest operational efficiency and could lead to upward price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100