Kroger shares slide 7.6% premarket after earnings fall short of estimates

Kroger Co. shares KR, -1.66% fell more than 7% in premarket trade Thursday, after the grocery store chain posted weaker-than-expected earnings for its fiscal fourth quarter. The company said it had net income of $259 million, or 32 cents a share, in the quarter to Feb. 2, down from $854 million, or 96 cents a share, in the year-earlier period. Adjusted net earnings came to 48 cents a share, below the 52 cents FactSet consensus. Sales fell 9.5% to $28.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Kroger shares plunge after earnings, revenue missKroger reported earnings before the bell Thursday. If you have been to one you would know why. Low quality staff and unattractive stores. I went to their seafood department to a store in GA and asked for recommendation of shrimp. Attendant told me “I don’t know I don’t eat seafood.” 😳😳😳 🤦‍♂️ never been back sense! ❤️
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Costco, Kroger, and Target Report Earnings Next Week. Here’s What to Watch.Next week will be big for food and big box retailers, but Jefferies argues that Kroger is the only buy of the bunch.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Kroger shares plunge after earnings, revenue missKroger reported earnings before the bell Thursday. If you have been to one you would know why. Low quality staff and unattractive stores. I went to their seafood department to a store in GA and asked for recommendation of shrimp. Attendant told me “I don’t know I don’t eat seafood.” 😳😳😳 🤦‍♂️ never been back sense! ❤️
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Foot Locker shares soar 18.5% premarket after blowout earnings
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »