Loading...
Market
What will be Kroger's Q2 2024 sales performance?
4
Resolution / Starting Odds
Below $45 billion • 25%
$45 billion to $45.5 billion • 25%
$45.5 billion to $46 billion • 25%
Above $46 billion • 25%
Kroger's Q2 2024 earnings report
Story
Kroger Surpasses Q1 Estimates with $1.43 EPS, $45.27B Sales, Stock Rises 3.12%
Jun 20, 2024, 12:41 PM
Kroger has reported its first-quarter earnings for fiscal year 2024, surpassing Wall Street estimates. The company posted sales of $45.27 billion, exceeding the expected $45.04 billion. Adjusted earnings per share (EPS) came in at $1.43, higher than the anticipated $1.34. Identical-store sales, excluding fuel, increased by 0.5%, compared to the estimated 0.27%. Kroger reaffirmed its full-year guidance, projecting EPS between $4.30 and $4.50 and identical sales growth, excluding fuel, between 0.25% and 1.75%. The company reported an operating profit of $1.294 billion. CEO Rodney McMullen stated, 'Kroger is off to a solid start in 2024 led by better-than-expected performance of our grocery business.' The company attributed its strong performance to steady grocery demand amid persistent inflation. Following the earnings report, Kroger's stock rose by 3.12% in pre-market trading.
View original story
Similar markets
Above 0.5% • 50%
Below 0.5% • 50%
0.25% - 0.75% • 33%
0.76% - 1.25% • 33%
1.26% - 1.75% • 33%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Increases by over 10% • 25%
Decreases by over 10% • 25%
Remains within 10% of current price • 25%
Other outcome • 25%
Above 10% • 33%
10% - 12% • 33%
Below 10% • 33%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease • 25%
No significant change • 25%
Less than 20% • 25%
20% to 25% • 25%
25% to 30% • 25%
More than 30% • 25%
Albertsons outperforms Kroger • 25%
Albertsons matches Kroger • 25%
Albertsons underperforms Kroger • 25%
Both perform equally • 25%