Kroger Company (The) ($KR) Stock Forecast: Up 6.0% Today

What is Kroger Company (The)?

Kroger (KR) operates a chain of supermarkets and multi-department stores in the United States. The stock displayed strong bullish movement recently.

Why is Kroger Company (The) going up?

KR stock is up 6.0% on Sep 12, 2024 17:01

• Kroger (KR) exceeded expectations with adjusted earnings per share of 93 cents, indicating robust financial performance.
• Quarterly sales excluding fuel grew by 1.3%, offsetting a slight miss on overall sales projections.
• The stock's upward trend was likely driven by the earnings outperformance, demonstrating investor confidence in Kroger's ability to thrive despite market challenges.
• Although some investors took a bearish stance on Kroger options initially, the positive earnings results ultimately overshadowed concerns, leading to an increase in the stock price.

KR Price Chart

KR Technical Analysis

KR News

Kroger's Mixed Q2 Bag: Steady Sales, Earnings Beat, Revised Identical Sales Outlook & More Why Is Kroger ( KR ) Stock Gaining Today? - Kroger ( NYSE:KR )

Kroger Company KR reported second-quarter adjusted earnings per share of 93 cents, beating the analyst consensus estimate of 91 cents. Quarterly sales of $33.912 billion ( nearly flat year over year ) missed the street view of $34.090 billion. Excluding fuel, sales increased 1.3% compared to the ...

https://www.benzinga.com/news/earnings/24/09/40833559/krogers-mixed-q2-bag-steady-sales-earnings-beat-revised-identical-sales-outlook-more

Kroger ( KR ) Q2 Earnings Surpass Estimates

Kroger (KR) delivered earnings and revenue surprises of 1.09% and 0.46%, respectively, for the quarter ended July 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2335120/kroger-kr-q2-earnings-surpass-estimates

Kroger, Adobe And 3 Stocks To Watch Heading Into Thursday - Adobe ( NASDAQ:ADBE )

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects The Kroger Co. KR to report quarterly earnings at $0.91 per share on revenue of $34.09 billion before the opening bell, according to data from ...

https://www.benzinga.com/news/earnings/24/09/40826039/kroger-adobe-and-3-stocks-to-watch-heading-into-thursday

Market Whales and Their Recent Bets on Kroger Options - Kroger ( NYSE:KR )

Investors with a lot of money to spend have taken a bearish stance on Kroger KR. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/09/40821223/market-whales-and-their-recent-bets-on-kroger-options

Kroger Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Kroger ( NYSE:KR )

The Kroger Co. KR will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 12. Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings at 91 cents per share, down from 96 cents per share.

https://www.benzinga.com/news/earnings/24/09/40808740/kroger-gears-up-for-q2-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-a

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Kroger Company (The) Price History

12.08.2024 - KR Stock was up 6.0%

• Kroger (KR) exceeded expectations with adjusted earnings per share of 93 cents, indicating robust financial performance.
• Quarterly sales excluding fuel grew by 1.3%, offsetting a slight miss on overall sales projections.
• The stock's upward trend was likely driven by the earnings outperformance, demonstrating investor confidence in Kroger's ability to thrive despite market challenges.
• Although some investors took a bearish stance on Kroger options initially, the positive earnings results ultimately overshadowed concerns, leading to an increase in the stock price.

12.08.2024 - KR Stock was up 5.2%

• Kroger (KR) reported mixed Q2 results with adjusted earnings per share beating estimates but sales coming in slightly below expectations.
• Despite the mixed results, investors seem optimistic about Kroger's revised identical sales outlook, leading to a bullish movement in the stock.
• The bearish stance taken by some market whales on Kroger options might have initially caused uncertainty, but the positive earnings beat likely reassured investors and contributed to the bullish momentum.
• Overall, the market movement today reflects a balance between cautious optimism based on earnings performance and lingering concerns highlighted by the bearish options positions.

07.02.2024 - KR Stock was up 9.0%

• Investor confidence received a boost as Kroger's positive earnings report and robust three-year revenue projection unfolded, leading to an increase in the stock price.
• Despite a minor sales shortfall, the company's ability to surpass earnings expectations highlights its resilience and operational effectiveness.
• Kroger benefited from the bullish sentiment surrounding the retail sector, as observed in the upward movement of stocks like American Eagle Outfitters, reinforcing the positive market outlook.
• In conclusion, Kroger's strong financial showing and favorable market climate were key drivers behind its notable stock performance on the day.

23.09.2023 - KR Stock was down 1.0%

• Kroger's stock price had a bearish movement despite positive news about its attractive valuation and dividend growth.
• The market dip may have affected Kroger's stock, but it managed to gain slightly compared to its previous close.
• The challenging competition in the grocery-delivery sector, including rivals like Wal-Mart, Uber Eats, and Amazon, may have impacted Kroger's stock performance.
• The recent increase in short interest in Kroger's stock could have contributed to the bearish movement.

03.03.2024 - KR Stock was down 0.1%

• Kroger's stock experienced a bearish trend due to concerns over delivery spoke closures impacting its partnership with Ocado.
• Investor sentiment may have been influenced by the upcoming Easter season, with attention shifting towards confectionery and food manufacturing stocks.
• Speculation surrounding Amazon's (AMZN) new money-making venture may have contributed to pressure on KR stock as investors reassess the competitive retail landscape.

07.02.2024 - KR Stock was up 9.2%

• Kroger's shares rose after reporting fourth-quarter FY23 sales growth of 6.4% year-on-year, slightly missing analyst estimates but showing promising performance.
• The company's Q4 earnings beat estimates, with higher net sales and profit, contributing to the positive market movement.
• Despite a decrease in Identical Sales without fuel, Kroger's margin improvement and strong profit guidance fueled a 5% rally in the stock.
• The overall positive sentiment towards Kroger's financial performance and outlook likely drove the bullish movement in the market today.

07.02.2024 - KR Stock was up 7.1%

• Kroger's Q4 earnings exceeded estimates with revenues up 6%, reflecting strong financial performance.
• The positive earnings likely contributed to the bullish movement in KR stock.
• The improving overall market sentiment and gains in U.S. stocks could have further boosted investor confidence in Kroger's stock.
• A comparison between KR and WMT might have highlighted Kroger's value proposition, potentially attracting more investors to the stock.

12.05.2024 - KR Stock was down 1.3%

• The bearish movement in KR stock could be attributed to investors' concerns about the company's recent expansion into the weight-loss drug market, which might have raised questions about the company's core focus and potential risks associated with diversification.
• The upcoming earnings release on June 20 could have also led to profit-taking by investors who are uncertain about the company's financial performance and outlook.
• Warren Buffett's investment strategy of buying quality stocks at a discount might not have resonated with investors in the case of Kroger, leading to a lack of confidence in the stock and contributing to the bearish movement.

07.02.2024 - KR Stock was up 9.3%

• Kroger's stock experienced a strong bullish movement following the release of its Q4 earnings report, which surpassed analyst expectations.
• The company's optimistic guidance for fiscal year 2024 further fueled investor confidence in Kroger's future performance.
• Positive remarks on Kroger's earnings performance added to the bullish sentiment, highlighting the strength of the company's recent financial results.
• The upbeat earnings report and strong guidance likely contributed to the significant increase in Kroger's stock price, reflecting investor optimism in the company's growth prospects.

08.08.2023 - KR Stock was up 5.0%

• The bullish movement in KR's stock today can be attributed to the following factors:
• 1. Offloading of outlets: Kroger's decision to sell more than 400 stores to C&S Wholesale Grocers for $1.9 billion as part of their merger efforts may have been seen as a positive move by investors, indicating progress towards completing the merger and streamlining operations.
• 2. Opioid charge settlement: Kroger's announcement of a $1.2 billion opioid settlement and a divestiture plan related to its Albertsons merger could have boosted investor confidence in the company's ability to address legal issues and focus on its core business.
• 3. Positive earnings: Despite posting a loss for the second quarter due to a $1.4 billion charge associated with opioids, the fact that Kroger's stock rose after announcing its earnings suggests that investors may have focused on other positive aspects of the company's performance.
• 4. Market optimism: The overall positive sentiment in the market, as indicated by the higher trading of U.S. stocks, including the Dow Jones, may have contributed to the bullish movement in KR's stock.
• In summary, the bullish movement in Kroger's stock today can be attributed to the company's efforts to streamline operations through store offloading, positive legal developments, and the overall market optimism.

30.10.2023 - KR Stock was down 1.8%

• The bearish movement in Kroger's stock today could be attributed to the following factors:
• 1. Earnings Expectations: The market may have reacted negatively to the upcoming quarterly earnings report, with expectations of lower-than-anticipated earnings per share and revenue. This could have led to a sell-off of the stock.
• 2. Closure of Kitchen United Locations: The news of Kroger shutting down all Kitchen United food halls at its stores might have raised concerns about the company's overall strategy and profitability. Investors may have interpreted this as a sign of potential challenges in the company's operations.
• 3. Market Sentiment: The overall market sentiment and investor focus on safe stocks, as mentioned in an article from Investor Place, could have contributed to the bearish movement in Kroger's stock. Investors seeking conservative, low-risk stocks may have shifted their attention away from Kroger, leading to a decline in its stock price.
• 4. Merger Timeline and Inflation Expectations: As mentioned in an article from Seeking Alpha, investors might have been awaiting updates on Kroger's merger timeline and inflation expectations. Any delays or concerns regarding these factors could have negatively impacted the stock's performance.
• In conclusion, the bearish movement in Kroger's stock today could be attributed to factors such as earnings expectations, closure of Kitchen United locations, market sentiment, and investor focus on other safe stocks.

20.05.2024 - KR Stock was down 3.9%

• The recent introduction of Beyond Meat's new Beyond Sausage at Kroger and Whole Foods Market may have negatively impacted Kroger's stock by potentially diverting customers' attention and sales.
• Despite Kroger reporting higher sales and growing digital sales, factors such as a decrease in profit compared to last year and a recent downgrade in rating could have contributed to the bearish movement.
• Investors possibly reacted to the lower-than-expected quarterly earnings and revised forecasts, leading to a sell-off of Kroger's stock.
• The market sentiment towards Kroger Co. today appears to be influenced by a variety of factors including financial performance, product launches, and analyst ratings.