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Kroger (KR) Reports In Line Q4 Earnings, Sales Beat Estimates
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The Kroger Co. (KR - Free Report) , one of the largest grocery retailers, came out with fourth-quarter fiscal 2017 results, wherein adjusted earnings of 63 cents per share came in line with the Zacks Consensus estimate and increased 18.9% year-over-year.
Kroger provided fiscal 2018 guidance. The company expects fiscal 2018 earnings per share in the range of $1.95–$2.15 per share. The Zacks Consensus Estimate is pegged at $2.11 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has witnessed upward revisions over the past 7 days. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 2.3%.
Revenues: Kroger generated total revenue of $31,031 million that increased 12.4% year over year and also came above the Zacks Consensus Estimate of $30,830 million. The company’s identical supermarket sales, without fuel, rose 1.5%.
Kroger envision identical supermarket sales (excluding fuel) to grow in the range of 1.5% to 2.0% in fiscal 2018.
Kroger Company (The) Price, Consensus and EPS Surprise
Stock Movement: Kroger’s shares are down nearly 6% during pre-market trading hours following the earnings release.
Check back later for our full write up on Kroger’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
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Kroger (KR) Reports In Line Q4 Earnings, Sales Beat Estimates
The Kroger Co. (KR - Free Report) , one of the largest grocery retailers, came out with fourth-quarter fiscal 2017 results, wherein adjusted earnings of 63 cents per share came in line with the Zacks Consensus estimate and increased 18.9% year-over-year.
Kroger provided fiscal 2018 guidance. The company expects fiscal 2018 earnings per share in the range of $1.95–$2.15 per share. The Zacks Consensus Estimate is pegged at $2.11 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has witnessed upward revisions over the past 7 days. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 2.3%.
Revenues: Kroger generated total revenue of $31,031 million that increased 12.4% year over year and also came above the Zacks Consensus Estimate of $30,830 million. The company’s identical supermarket sales, without fuel, rose 1.5%.
Kroger envision identical supermarket sales (excluding fuel) to grow in the range of 1.5% to 2.0% in fiscal 2018.
Kroger Company (The) Price, Consensus and EPS Surprise
Kroger Company (The) Price, Consensus and EPS Surprise | Kroger Company (The) Quote
Zacks Rank: Currently, Kroger carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Stock Movement: Kroger’s shares are down nearly 6% during pre-market trading hours following the earnings release.
Check back later for our full write up on Kroger’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>