Kroger (NYSE:KR) shares are trading over 4% up in pre-market trading after the retailer offered an upbeat full-year forecast.
Kroger reported Q4 EPS of $0.99 on revenue of $34.8 billion, which compares to the average analyst estimate for earnings of $0.90 per share on sales of $35.01B. Sales rose 5.4% year-over-year as identical store sales jumped 6.2%, beating the expected 5.2% increase.
"Kroger achieved exceptional results in 2022 as we executed on our Leading with Fresh and Accelerating with Digital strategy, building on record years in 2020 and 2021,” said Chairman and CEO Rodney McMullen.
The company expects to see identical store sales increase 1-2% for its fiscal year. The adjusted EPS is seen in the range of $4.45-4.60, easily ahead of the consensus of $4.17.
Vital Knowledge analysts said Kroger delivered “solid” results while the guidance is described as “decent.”
https://www.investing.com/news/stock-ma ... SI-3020557
Kroger Company NYSE: KR markety
Re: Kroger Company NYSE: KR markety
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Re: Kroger Company NYSE: KR markety
Kroger risk-reward 'now skews favorably' - JPMorgan
JPMorgan analysts raised Kroger (NYSE:KR) to Overweight from Neutral, increasing the firm's price target on the stock to $54 from $50 in a note to clients Friday.
Analysts told investors that Kroger's risk-reward now skews favorably.
The analysts stated there are three primary elements for their upgrade. The first is the firm's contrarian belief that while fundamentals will weaken, they won't collapse. They said that many investors are more bearish than they are.
Kroger's valuation was also cited as another reason, as analysts explain that "historically it's been more fruitful to invest in KR when its multiple is this low."
Finally, they stated that there is a "non-zero chance that the ACI deal happens." However, most investors they speak to ascribe a 0% probability regarding the Albertsons (NYSE:ACI) acquisition going ahead.
"Many investors we speak with on KR have a doom and gloom tone about the company these days. We aren't exactly bullish the supermarket industry ourselves for the long term — margins are low, and competition can be fierce — and we share many concerns about owning a stock after fundamentals have peaked," stated analysts. "But some of the rhetoric we hear about KR's fortunes seems overly (and almost universally) pessimistic."
JPMorgan analysts raised Kroger (NYSE:KR) to Overweight from Neutral, increasing the firm's price target on the stock to $54 from $50 in a note to clients Friday.
Analysts told investors that Kroger's risk-reward now skews favorably.
The analysts stated there are three primary elements for their upgrade. The first is the firm's contrarian belief that while fundamentals will weaken, they won't collapse. They said that many investors are more bearish than they are.
Kroger's valuation was also cited as another reason, as analysts explain that "historically it's been more fruitful to invest in KR when its multiple is this low."
Finally, they stated that there is a "non-zero chance that the ACI deal happens." However, most investors they speak to ascribe a 0% probability regarding the Albertsons (NYSE:ACI) acquisition going ahead.
"Many investors we speak with on KR have a doom and gloom tone about the company these days. We aren't exactly bullish the supermarket industry ourselves for the long term — margins are low, and competition can be fierce — and we share many concerns about owning a stock after fundamentals have peaked," stated analysts. "But some of the rhetoric we hear about KR's fortunes seems overly (and almost universally) pessimistic."
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: Kroger Company NYSE: KR markety
Northcoast Research upgraded Kroger (NYSE:KR) shares to Buy with a $60 per share price target in a note on Monday, with analysts stating that Kroger's medium-term outlook should show how it will navigate the economic uncertainties.
They explained that after reaching $63 per share last April, Kroger has since fallen into the mid-$40 range "despite exceeding earnings expectations throughout the second semester of fiscal 2022."
"Some value was surrendered following the company's announcement that it planned to acquire Albertsons," said the analysts. "However, that transaction is far enough into the future, such that we think investors should focus on the value of the Kroger stock on its own merits as demonstrated in the recently reported fourth quarter."
The analysts said that while there are inflation headwinds, Kroger has offsets for these that consumers appreciate, such as discounted fuel for loyal members and an "extremely well-developed own-brands program."
"We believe that Kroger's ongoing momentum in sales growth, customer loyalty, e-commerce, cost reductions, and operational efficiency will continue to allow it to deal with a competitive environment while providing opportunities for modest margin expansion," they wrote.
https://www.investing.com/news/stock-ma ... SI-3034837
They explained that after reaching $63 per share last April, Kroger has since fallen into the mid-$40 range "despite exceeding earnings expectations throughout the second semester of fiscal 2022."
"Some value was surrendered following the company's announcement that it planned to acquire Albertsons," said the analysts. "However, that transaction is far enough into the future, such that we think investors should focus on the value of the Kroger stock on its own merits as demonstrated in the recently reported fourth quarter."
The analysts said that while there are inflation headwinds, Kroger has offsets for these that consumers appreciate, such as discounted fuel for loyal members and an "extremely well-developed own-brands program."
"We believe that Kroger's ongoing momentum in sales growth, customer loyalty, e-commerce, cost reductions, and operational efficiency will continue to allow it to deal with a competitive environment while providing opportunities for modest margin expansion," they wrote.
https://www.investing.com/news/stock-ma ... SI-3034837
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Re: Kroger Company NYSE: KR markety
Kroger (KR) – A Super Grocer and a Super Dividend Growth stock
Posted on February 17, 2023 by DividendDiplomats
https://www.dividenddiplomats.com/kroge ... wth-stock/
Posted on February 17, 2023 by DividendDiplomats
https://www.dividenddiplomats.com/kroge ... wth-stock/
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Re: Kroger Company NYSE: KR markety
(Reuters) - Food and drug retailer Kroger (NYSE:KR) Co on Wednesday asked a U.S. judge to dismiss as "speculative" a consumer antitrust lawsuit alleging the company's proposed $24.6 billion acquisition of rival Albertsons Companies Inc would lessen grocer competition and drive up prices.
Lawyers for Kroger said in a filing in California federal court that the grocery store shoppers who sued over the deal have failed to define the relevant market necessary to evaluate grocery store competition and to identify how the acquisition would hurt consumers. The attorneys said the lawsuit was lacking "real-world facts."
U.S. competition law "does not turn every grocery store consumer in the country into a roving antitrust enforcer," lawyers for Kroger told U.S. District Judge Vince Chhabria.
A hearing is scheduled for May 18.
An Albertsons spokesperson declined to comment, and representatives for Kroger did not immediately respond to similar messages.
The suit from 25 consumers in states including California, Texas and Florida was filed amid the Federal Trade Commission's review of Kroger's proposed acquisition. State antitrust enforcers also are looking at the deal.
U.S. antitrust law allows private actions against mergers and acquisitions.
A lawyer for the plaintiffs did not immediately respond to a message seeking comment.
Kroger's attorneys said in Wednesday's filing that "the proposed merger is in the early stages of regulatory review and, as a part of that process, defendants expect to divest a number of stores."
Attorneys for Albertsons separately asked the judge to dismiss a claim in the lawsuit challenging the propriety of a $4 billion special dividend that the company paid to shareholders.
A group of state attorneys general failed in state and federal courts to block the payment, which they alleged would weaken Albertsons, and Albertsons paid the dividend in January.
The deal would bring nearly 5,000 stores under one corporate umbrella.
Kroger controls stores under banners including Harris Teeter, Pay Less and King Soopers, and stores under the Albertsons umbrella include Balducci's, Shaw's, Kings and Safeway.
Lawyers for Kroger said in a filing in California federal court that the grocery store shoppers who sued over the deal have failed to define the relevant market necessary to evaluate grocery store competition and to identify how the acquisition would hurt consumers. The attorneys said the lawsuit was lacking "real-world facts."
U.S. competition law "does not turn every grocery store consumer in the country into a roving antitrust enforcer," lawyers for Kroger told U.S. District Judge Vince Chhabria.
A hearing is scheduled for May 18.
An Albertsons spokesperson declined to comment, and representatives for Kroger did not immediately respond to similar messages.
The suit from 25 consumers in states including California, Texas and Florida was filed amid the Federal Trade Commission's review of Kroger's proposed acquisition. State antitrust enforcers also are looking at the deal.
U.S. antitrust law allows private actions against mergers and acquisitions.
A lawyer for the plaintiffs did not immediately respond to a message seeking comment.
Kroger's attorneys said in Wednesday's filing that "the proposed merger is in the early stages of regulatory review and, as a part of that process, defendants expect to divest a number of stores."
Attorneys for Albertsons separately asked the judge to dismiss a claim in the lawsuit challenging the propriety of a $4 billion special dividend that the company paid to shareholders.
A group of state attorneys general failed in state and federal courts to block the payment, which they alleged would weaken Albertsons, and Albertsons paid the dividend in January.
The deal would bring nearly 5,000 stores under one corporate umbrella.
Kroger controls stores under banners including Harris Teeter, Pay Less and King Soopers, and stores under the Albertsons umbrella include Balducci's, Shaw's, Kings and Safeway.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: Kroger Company NYSE: KR markety
Kroger (NYSE:KR) shares tumbled over premarket Thursday despite beating profit expectations in the first quarter.
The retailer's shares are down around 4% at the time of writing, at the $45.21 mark.
Kroger posted Q1 EPS of $1.51, $0.07 better than the analyst estimate of $1.44. However, revenue for the quarter was missed by a small margin, coming in at $45.2 billion versus the consensus estimate of $45.21B.
Identical sales without fuel increased by 3.5% in the quarter, while its gross margin rate, excluding fuel, increased 21 basis points compared to the same period last year.
The company noted that more consumers are feeling the effects of inflation and economic uncertainty. U.S. inflation continued to ease in May, although it is still stubbornly high in some areas.
"Kroger's first quarter results demonstrate the durability of our business model in a more challenged operating environment," commented Kroger CFO Gary Millerchip.
The company reaffirmed its full-year 2023 guidance. It sees FY2024 EPS between $4.45 and $4.60 versus the consensus of $4.50.
(Reuters) - Supermarket chain Kroger (NYSE:KR) in a cautious move on Thursday reaffirmed its annual forecasts after it beat Wall Street estimates for first-quarter profit and same-store sales on steady demand for essentials and easing supply chain costs.
Shares of the retailer, which had consistently raised its outlook over the past two years, fell 4.5% to $45.07 after the dull forecast.
"Investors wanted to see a forecast raise," said Telsey Advisory Group analyst Joseph Feldman, adding there was hope that Kroger could have performed a bit stronger considering robust grocery sales seen at some of its competitors.
Last month, rival Walmart (NYSE:WMT) raised its annual forecasts as more Americans shopped for its lower-priced groceries and other essentials.
But Kroger CEO Rodney McMullen blamed the "economic environment" for its decision to not raise the forecast, saying it was "significantly impacting our budget conscious shoppers."
Target (NYSE:TGT) has also maintained its full-year forecasts amid a gloomy spending environment.
"Least loyal customers... are clearly prioritizing the price at shelf over other factors such as personalized offers, convenience and quality," Kroger's McMullen said.
Kroger, which is set to buy smaller rival Albertsons in a $25 billion deal, saw net sales rise 1.3% to $45.17 billion in the first quarter ended May, but fell short of estimates of $45.24 billion, according to Refinitiv IBES data.
"Investors had become accustomed to seeing a really strong beat on top and bottom lines, but that wasn't the case this quarter," said CFRA Research analyst Arun Sundaram.
However, Kroger's gross margins rose 21 basis points, compared to a fall a year earlier, benefiting from lower supply chain costs as well as its efforts to source some products closer to its distribution centers.
It also profited from shoppers - including higher-income consumers looking for more economical options amid persistent inflation - preferring its store-label brands to pricier national brands.
https://www.investing.com/news/stock-ma ... nd-3106242
The retailer's shares are down around 4% at the time of writing, at the $45.21 mark.
Kroger posted Q1 EPS of $1.51, $0.07 better than the analyst estimate of $1.44. However, revenue for the quarter was missed by a small margin, coming in at $45.2 billion versus the consensus estimate of $45.21B.
Identical sales without fuel increased by 3.5% in the quarter, while its gross margin rate, excluding fuel, increased 21 basis points compared to the same period last year.
The company noted that more consumers are feeling the effects of inflation and economic uncertainty. U.S. inflation continued to ease in May, although it is still stubbornly high in some areas.
"Kroger's first quarter results demonstrate the durability of our business model in a more challenged operating environment," commented Kroger CFO Gary Millerchip.
The company reaffirmed its full-year 2023 guidance. It sees FY2024 EPS between $4.45 and $4.60 versus the consensus of $4.50.
(Reuters) - Supermarket chain Kroger (NYSE:KR) in a cautious move on Thursday reaffirmed its annual forecasts after it beat Wall Street estimates for first-quarter profit and same-store sales on steady demand for essentials and easing supply chain costs.
Shares of the retailer, which had consistently raised its outlook over the past two years, fell 4.5% to $45.07 after the dull forecast.
"Investors wanted to see a forecast raise," said Telsey Advisory Group analyst Joseph Feldman, adding there was hope that Kroger could have performed a bit stronger considering robust grocery sales seen at some of its competitors.
Last month, rival Walmart (NYSE:WMT) raised its annual forecasts as more Americans shopped for its lower-priced groceries and other essentials.
But Kroger CEO Rodney McMullen blamed the "economic environment" for its decision to not raise the forecast, saying it was "significantly impacting our budget conscious shoppers."
Target (NYSE:TGT) has also maintained its full-year forecasts amid a gloomy spending environment.
"Least loyal customers... are clearly prioritizing the price at shelf over other factors such as personalized offers, convenience and quality," Kroger's McMullen said.
Kroger, which is set to buy smaller rival Albertsons in a $25 billion deal, saw net sales rise 1.3% to $45.17 billion in the first quarter ended May, but fell short of estimates of $45.24 billion, according to Refinitiv IBES data.
"Investors had become accustomed to seeing a really strong beat on top and bottom lines, but that wasn't the case this quarter," said CFRA Research analyst Arun Sundaram.
However, Kroger's gross margins rose 21 basis points, compared to a fall a year earlier, benefiting from lower supply chain costs as well as its efforts to source some products closer to its distribution centers.
It also profited from shoppers - including higher-income consumers looking for more economical options amid persistent inflation - preferring its store-label brands to pricier national brands.
https://www.investing.com/news/stock-ma ... nd-3106242
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: Kroger Company NYSE: KR markety
dywidendy
#Kroger hikes dividend by 11.5%. This marks the 17th consecutive year of dividend increases by $KR
#Kroger hikes dividend by 11.5%. This marks the 17th consecutive year of dividend increases by $KR
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Re: Kroger Company NYSE: KR markety
(Reuters) - Kroger (NYSE:KR) Co and Albertsons Cos Inc are nearing a deal they hope will secure U.S. regulatory clearance for their proposed $24.5 billion merger, by selling more than 400 grocery stores to C&S Wholesale Grocers for nearly $2 billion, according to people familiar with the matter.
The deal would give privately held C&S, primarily a supplier rather than an operator of grocery stores, a much more significant footprint. It currently operates about two dozen stores under the Grand Union and Piggly Wiggly brands.
SoftBank (TYO:9984) Group Corp, the Japanese investment group, is in talks with C&S about helping finance a small portion of the deal, one of the sources said.
While SoftBank typically opts for technology-related deals, it has ties to C&S executive chairman Rick Cohen, because it has a joint venture with warehouse automation company Symbotic Inc, where Cohen serves as CEO.
The stores that Kroger and Albertsons plan to shed are primarily in the Pacific Northwest and the Mountain states, along with some in California, Texas, Illinois, and the East Coast, the sources said.
An agreement may be reached as early as this week, they said, adding it remained unclear whether it will allay regulators' fears that a combined Kroger and Albertsons would have too much control over grocery prices.
The sources requested anonymity because the negotiations are confidential. Kroger and Albertsons declined to comment. C&S and SoftBank did not respond to requests for comment. Bloomberg News reported about the talks between C&S, Kroger and Albertsons on Monday, as well as SoftBank's involvement but gave no information about the deal terms.
Previously, Kroger and Albertsons said they may divest between 100 and 375 stores by placing them in a new company that Albertsons shareholders would own. In a regulatory filing Kroger said the upper limit for divestitures was 650 stores.
C&S has been looking to build its own store presence in a fiercely competitive market for supplying groceries. It lost one of its largest customers when Ahold Delhaize decided to transition to self-distribution in 2019.
The deal would give privately held C&S, primarily a supplier rather than an operator of grocery stores, a much more significant footprint. It currently operates about two dozen stores under the Grand Union and Piggly Wiggly brands.
SoftBank (TYO:9984) Group Corp, the Japanese investment group, is in talks with C&S about helping finance a small portion of the deal, one of the sources said.
While SoftBank typically opts for technology-related deals, it has ties to C&S executive chairman Rick Cohen, because it has a joint venture with warehouse automation company Symbotic Inc, where Cohen serves as CEO.
The stores that Kroger and Albertsons plan to shed are primarily in the Pacific Northwest and the Mountain states, along with some in California, Texas, Illinois, and the East Coast, the sources said.
An agreement may be reached as early as this week, they said, adding it remained unclear whether it will allay regulators' fears that a combined Kroger and Albertsons would have too much control over grocery prices.
The sources requested anonymity because the negotiations are confidential. Kroger and Albertsons declined to comment. C&S and SoftBank did not respond to requests for comment. Bloomberg News reported about the talks between C&S, Kroger and Albertsons on Monday, as well as SoftBank's involvement but gave no information about the deal terms.
Previously, Kroger and Albertsons said they may divest between 100 and 375 stores by placing them in a new company that Albertsons shareholders would own. In a regulatory filing Kroger said the upper limit for divestitures was 650 stores.
C&S has been looking to build its own store presence in a fiercely competitive market for supplying groceries. It lost one of its largest customers when Ahold Delhaize decided to transition to self-distribution in 2019.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
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