Kroger stock down as Q3 revenue falls short of market expectations

Investing.comDec 5, 2024 1:56 PM

View all comments（0）



Investing.com -- Kroger (NYSE:KR) reported third-quarter revenue that missed analyst estimates, pushing its shares down more than 1% in premarket trading Thursday.

The retailer posted Q3 earnings per share (EPS) of $0.98 for the three-month period, just above the $0.97 estimated by analysts.

However, revenue came in at $33.6 billion, short of the consensus projection of $34.21 billion.

The company reported a 2.3% increase in identical-store sales excluding fuel, exceeding the estimated 1.72%. Gross margin came in at 22.9%, above the forecasted 22.3%.

"Kroger achieved strong sales results in the third quarter led by our pharmacy and digital performance, which reflects the strength and diversity of our model,” said Kroger CEO Rodney McMullen.

For fiscal year 2025, Kroger provided earnings guidance of $4.35 to $4.45 per share, compared to the expected $4.44.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

US Stocks Close: Three Major Indices Turn From Gains to Losses, Dow Falls Over 300 Points; Cloud Providers Find Support, Chip and Memory Stocks Stabilize; SpaceX Falls for Seven Straight Days, Drops Below $120

TradingKey - Impacted by the release of the Kimi K3 model by Chinese AI startup Moonshot AI and a new round of military conflict between the U.S. and Iran, the three major U.S. stock indices reversed earlier gains to close lower. Hyperscalers provided support against the trend, while chip and memory stocks stabilized as the market awaited Google's earnings report due on Wednesday. At the close, the Dow Jones Industrial Average fell 0.59% to 51,839.32; the Nasdaq Composite Index dropped 0.05% to 25,508.07; and the S&P 500 Index declined 0.19% to 7,443.28.

AMD Stock Near $510 Before Its Biggest AI Event — 12 Gigawatts on the Line

TradingKey - AMD has 12 gigawatts of committed demand from Meta and OpenAI. On Tuesday, the Advancing AI event reveals MI450 and Helios. At $508, here is what this week’s event means and why August 4 is the financial test.

Alphabet Q2 Earnings Preview: $190 Billion AI Gamble Faces Major Test, Can Google Cloud Still Sustain the Growth Myth?

TradingKey - Alphabet (GOOGL) (GOOG) will release its second-quarter 2026 financial results after the U.S. market close on July 22. As one of the world's most valuable technology companies by market capitalization, Alphabet’s business spans multiple sectors including search advertising, YouTube, Google Cloud, generative AI, and autonomous driving. Its earnings performance not only impacts its own stock price but is also regarded as a crucial bellwether for the global AI investment cycle.

Musk Just Announced Starship Launch This Thursday, Will SpaceX Share Price Soar or Hit New Low?

SpaceX will conduct the Flight 13 return-to-flight mission as early as this Thursday. Will SpaceX's stock price see a sharp rebound or drop toward the $100 mark?

South Korean Stocks Face Another Bloodbath: Kospi Tumbles 4%, Samsung and SK Hynix Slump Over 3%

The KOSPI Index plummeted more than 4%, while Samsung Electronics and SK Hynix both fell over 3%, once again breaking below key levels.

Featured Tools