Categories AlphaGraphs, Earnings, Retail
Infographic: Highlights of Kroger Company’s (KR) Q3 2020 earnings report
The Kroger Company (NYSE: KR) reported stronger-than-expected profit for the third quarter of 2020. The supermarket chain also raised its guidance for fiscal 2020. The top-line missed the Street view.
Total sales increased to $29.72 billion in the October-quarter from $27.97 billion last year but missed analysts’ forecast.
Third-quarter adjusted earnings moved up to $0.71 per share from $0.47 per share in the corresponding period of last year. Analysts were looking for slightly slower growth. Net income attributable to the company was $631 million or $0.80 per share, compared to $263 million or $0.32 per share in the year-ago period.
Read analysts/managements’ comments on Kroger’s Q3 results
Kroger’s stock had a positive start to the year and stayed largely unaffected by the COVID-related slowdown. The stock has gained about 13% since the beginning of the year. It closed the last trading session lower and dropped further during Thursday’s premarket session, soon after the announcement.
Looking for more insights?
Read the full conference call transcript here. It’s free!
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
