Kroger shares plunge after earnings, revenue miss

Kroger on Thursday reported quarterly earnings and revenue that fell short of analysts' expectations, sending its shares sharply lower in the premarket.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

The grocer reported fiscal fourth-quarter net income of $259 million, or 32 cents per share, down from $854 million, or 96 cents per share, a year earlier. Excluding items, Kroger earned 48 cents per share, missing the 52 cents per share expected by analysts surveyed by Refinitiv.Looking to fiscal 2019, the grocer is targeting identical sales growth, excluding fuel, between 2 percent and 2.25 percent. It expects to earn between $2.15 to $2.25 per share for the full year, a more optimistic range than expected by analysts. Wall Street was forecasting the company to earn $2.16 per share this year.

❤️

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!

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Kroger shares slide 7.6% premarket after earnings fall short of estimates
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

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.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Kroger shares slide 7.6% premarket after earnings fall short of estimates
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Salesforce shares slide on disappointing earnings and revenue forecastSalesforce beat expectations for its fiscal fourth quarter, but its guidance for the next quarter was below what analysts were anticipating. Real shocking. Maybe less social engineering and more salesforcing. Sales force was a great product three years ago, but their lack of development in the auto business had us move on and cancel last month and change providers.
Fuente: CNBC - 🏆 12. / 72 Leer más »