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TSX hits new high in broad rallyMarkets extend gains on Fed talkStocks climb on quiet Black FridayThis summary was created by AI, based on 3 opinions in the last 12 months.
Kroger Co. appears to be well-positioned to navigate an increasingly complex consumer-spending environment, with sales growth in fiscal 2Q led by mainstream households and increased visits. Volume expansion is slowly improving, and private-label product sales growth is outpacing national brands. E-commerce profitability is also on the rise, while CEO pay has been lowered in response to performance-based concerns.
Is up 10% this year. They should forget taking over Albertsons since the FTC doesn't like the deal, and move on.
Their CFO (who was good) just quit and he wants to know why. Until then, hold off on this stock.
The FTC is holding up the Kroger-Albertsons deal that he supports, but this block is keeping KR stock in limbo.
It reports Thursday. They can raise prices and pass on inflationary costs.
Many wrote off this major grocer a few quarters ago, citing that the reopening will end pantry stocking, but this name is up over 22% YTD. He expects good numbers when they report Thursday, but that said he prefers the biggest grocer, Walmart.
Kroger Co. is a American stock, trading under the symbol KR-N on the New York Stock Exchange (KR). It is usually referred to as NYSE:KR or KR-N
In the last year, 3 stock analysts published opinions about KR-N. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Kroger Co..
Kroger Co. was recommended as a Top Pick by on . Read the latest stock experts ratings for Kroger Co..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Kroger Co. In the last year. It is a trending stock that is worth watching.
On 2024-12-13, Kroger Co. (KR-N) stock closed at a price of $62.06.
EPS of 93c beat estimates of 91c; revenue of $33.91B marginally missed estimates. Kroger appears well-positioned to navigate an increasingly complex consumer-spending environment. Mainstream households led sales growth in fiscal 2Q amid loyal households and increased visits, a trend that could extend in 3Q, aiding same-store sales gains. Volume expansion appears to be slowly improving, buoyed by strategic promotions. Private-label product sales growth outpaced that of national brands, helping bolster gross margin, which the company believes will expand slightly for the full year, yet might be flat in 3Q. Kroger indicated adjusted EPS in 3Q could be slightly stronger than in 4Q. The company noted that e-commerce profitability is improving, boosted by more orders for its delivery network and store pickup. KR lowered its CEO pay by 18% recently, and it does vary on performance. He needs to get by on $15.7 million total compensation this year. Excessive, but at least it varies with performance, and we have seen much worse.
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