Kroger Q1 Adj $1.43 Beats $1.34 Estimate, Sales $45.27B Beat $45.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kroger (NYSE:KR) reported Q1 earnings of $1.43 per share, beating the analyst estimate of $1.34. Sales were $45.27 billion, also surpassing the $45.04 billion estimate. However, earnings per share decreased by 5.3% compared to the same period last year.
June 20, 2024 | 12:03 pm
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Kroger's Q1 earnings and sales both beat analyst estimates, but the earnings per share decreased by 5.3% compared to the same period last year.
Kroger's better-than-expected earnings and sales figures are likely to have a positive short-term impact on the stock price. However, the decrease in earnings per share compared to last year may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100