As the competition intensifies in the grocery space, Kroger
continues to make efforts to improve its online order and delivery options. As
part of these efforts, Kroger has entered into partnerships and made acquisitions
and any updates on the progress made by these initiatives will be worth
watching.
The company has been undertaking a transformation plan
called Restock Kroger and updates on the progress made in this area is also
something to keep an eye on.
In the fourth quarter of 2018, Kroger missed analysts’ expectations on revenue and earnings, which both saw year-over-year decreases. Sales fell nearly 10% to $28 billion while adjusted EPS dropped 11% to $0.48.
For 2019, the retailer has guided for identical sales growth, excluding fuel, to range from 2% to 2.25%. EPS is projected to be $2.15 to $2.25.
Kroger’s shares have fallen 11% thus far this year.