KR Earnings Prediction
The chart below shows how KR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KR sees a -3.16% change in stock price 10 days leading up to the earnings, and a -1.78% change 10 days following the report. On the earnings day itself, the stock moves by +3.01%. This data can give you a slight idea of what to expect for the next quarter's release.
KR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
33.96B
-0.70%
0.31%
Gross Margin
19.90%
2.74%
1.12%
Operating Margin
2.69%
9.35%
-290.78%
Net Margin
1.91%
63.25%
-460.38%
EPS
0.88
60.00%
-452.00%
No Data Available
KR Earnings Analysis
The Kroger Co. Corporation (KR.N) Earnings Conference Call
Positive
Strong Sales Performance: Kroger delivered strong third quarter sales results led by our pharmacy and digital performance, reflecting the versatility of our model.
Customer Engagement Growth: Customer engagement remains strong, with our seamless shopping experience driving growth in both total and loyal households.
Holiday Product Focus: As we entered the last quarter of 2024, we are focused on providing quality, fresh, and affordable products that make holiday celebrations special.
Digital Offers Impact: Digital offers are an important way we deliver savings to customers, with 5% more digital offer clips so far this year leading to 14% more savings for Kroger customers.
Debt-to-EBITDA Ratio Improvement: Kroger's net total debt-to-adjusted EBITDA ratio was 1.21, compared to our target range of 2.3 to 2.5, strengthening our balance sheet and providing flexibility to pursue growth.
Negative
Pharmacy Performance Offset Fuel Decline: Kroger's third quarter results reflected the durability of our model with strong pharmacy results that helped offset lower fuel profitability as we cycled strong fuel results from a year ago.
Kroger Pharmacy Sale Impact: During the third quarter, we finalized the sale of our Kroger Specialty Pharmacy business for $464 million. The sale reduced total company sales in the third quarter by approximately $340 million, compared to the same period last year, and annualized sales will be approximately $3 billion lower going forward.
Sales Impact from Events: The combined hurricane season and port strikes had an approximately 20-basis-point favorable impact on sales as customers stocked up in anticipation of these events. These events had an unfavorable impact on OG&A.
Identical Sales Performance: We achieved identical sales without fuel growth of 2.3%. As Rodney mentioned earlier, identical sales without fuel were led by strong pharmacy and digital sales.
Profit and Earnings Forecast: We expect adjusted FIFO operating profit to be in the range of $4.6 billion to $4.7 billion and adjusted net earnings per diluted share is expected to be in the range of $4.35 to $4.45.
KR FAQs
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KR Earning Call Sentiment
The Kroger Co. (KR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
KR.N
-1.65%Positive
Kroger's earnings call reveals mixed signals. Positive aspects include a 10% dividend increase, strong digital sales growth, and optimistic guidance on gross margins. However, regulatory challenges with the Albertsons merger, competitive pressures, and product recalls pose risks. The Q&A session highlights cautious optimism but lacks clear guidance on future performance. Despite solid financials, the market may react neutrally due to uncertainties around the merger and competitive landscape.
