The Kroger Co. (NYSE: KR) reported second quarter 2022 earnings results today.
Total company sales were $34.6 billion compared to $31.7 billion in the same period last year.
Net earnings attributable to the Kroger Co. were $731 million, or $1.00 per share, compared to $467 million, or $0.61 per share, last year. Adjusted EPS amounted to $0.90.
Both revenue and earnings beat expectations sending the stock up by over 2% in premarket hours on Friday.
For the full year of 2022, Kroger expects adjusted EPS to range between $3.95-4.05.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for
After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many