The Kroger Co (KR) reported quarterly earnings results on Thursday, Jun-16-2016. The company said it had a profit of $0.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.69. The company posted revenue of $34604.00 million in the period, compared to analysts expectations of $34728.52 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.
Many Wall Street Analysts have commented on The Kroger Co. Piper Jaffray Initiated The Kroger Co on May 10, 2016 to “Underweight”, Price Target of the shares are set at $29.Sun Trust Rbsn Humphrey Initiated The Kroger Co on May 3, 2016 to “Neutral”, Price Target of the shares are set at $39.
The Kroger Co closed down -0.05 points or -0.14% at $35.71 with 1,34,99,785 shares getting traded on Wednesday. Post opening the session at $35.48, the shares hit an intraday low of $35.14 and an intraday high of $36.005 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 9, 2016, Christopher Conlon (Executive Vice President) sold 15,000 shares at $35.43 per share price. According to the SEC, on Apr 11, 2016, Ronald Sargent (director) sold 3,000 shares at $38.09 per share price. On Apr 7, 2016, Michael Joseph Donnelly (Executive Vice President) sold 10,000 shares at $39.00 per share price, according to the Form-4 filing with the securities and exchange commission.
The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.