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Kroger (KR) Posts In Line Q4 Earnings, Guides FY 2017
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The Kroger Co. (KR - Free Report) , one of the largest grocery retailers, came out with fourth-quarter fiscal 2016 results, wherein earnings of 53 cents per share came in line with the Zacks Consensus Estimate but declined 7% from the prior-year quarter.
The company expects fiscal 2017 earnings per share in the range of $2.21–$2.25 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been witnessing downtrend over the past 60 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 $27,611 million that increased 5.5% year over year and also came above the Zacks Consensus Estimate of $27,357 million. The company’s identical supermarket sales, without fuel, grew 4.4%.
Kroger envisions identical supermarket sales (excluding fuel) in the range of flat to up 1% in fiscal 2017.
Kroger Company (The) Price, Consensus and EPS Surprise
Stock Movement: Kroger’s shares are down nearly 2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Kroger’s earnings report!
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Kroger (KR) Posts In Line Q4 Earnings, Guides FY 2017
The Kroger Co. (KR - Free Report) , one of the largest grocery retailers, came out with fourth-quarter fiscal 2016 results, wherein earnings of 53 cents per share came in line with the Zacks Consensus Estimate but declined 7% from the prior-year quarter.
The company expects fiscal 2017 earnings per share in the range of $2.21–$2.25 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been witnessing downtrend over the past 60 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 $27,611 million that increased 5.5% year over year and also came above the Zacks Consensus Estimate of $27,357 million. The company’s identical supermarket sales, without fuel, grew 4.4%.
Kroger envisions identical supermarket sales (excluding fuel) in the range of flat to up 1% in fiscal 2017.
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 #3 (Hold) 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 2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Kroger’s earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>