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
PNC Earnings: A snapshot of PNC Financial Services’ Q4 2025 results
PNC Financial Services Group, Inc. (NYSE: PNC) on Friday reported higher revenue and net income for the fourth quarter of fiscal 2025. The numbers also beat analysts' estimates. Total revenues
Earnings Preview: Intuitive Surgical (ISRG) looks poised for a strong Q4
Intuitive Surgical, Inc. (NASDAQ: ISRG) is a pioneer in robotic-assisted surgical technology, developing advanced systems that enable healthcare professionals to perform minimally invasive procedures with greater precision and efficiency. Having
What to expect when Alaska Air Group (ALK) reports Q4 2025 earnings results
Shares of Alaska Air Group (NYSE: ALK) gained 3% on Thursday. The stock has dropped 26% in the past 12 months. The airline is scheduled to publish its earnings results
