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
Earnings calendar for the week of August 2
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
IPO News: Here’s everything you need to know about Healthcare Royalty’s upcoming IPO
In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO
ExxonMobil (XOM) Earnings: Q2 numbers top expectations
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results
