Kroger Earnings: What to Watch
Kroger Co. , the U.S.’s largest supermarket chain, is scheduled to report fourth-quarter results before the market opens Thursday.
Here is what you need to know:
EARNINGS FORECAST: Analysts polled by Thomson Reuters expect earnings per share of 63 cents, up from Kroger’s year-ago earnings
of 53 cents a share.
REVENUE FORECAST: Analysts forecast $30.8 billion in revenue, up from $27.6 billion a year ago.
WHAT TO WATCH:
TAPPING TAXES: Oppenheimer estimates that the new federal tax law will give Kroger at least $200 million a year in additional cash
to deploy, and will be closely watching to see if it passes it along to shareholders or uses it for investments.
Why Kroger’s Stock Has Surprised Everyone Over the Last 6 Months
The page is about to turn for Kroger Co. (KR).
Since plunging to a three-year low in September, the supermarket’s stock has rallied nearly 35%. Ahead of its fourth-quarter earnings on Thursday, March 8, Wall Street is cautiously optimistic about the company’s prospects and will be paying extra attention to its margin growth and potential tax savings.
“Kroger is one of the few operators that are taking market share,” Pivotal Research Group analyst Ajay Jain told TheStreet.
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The statement referred to digital assets that are considered securities.
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