The Kroger Company (KR – Analyst Report), one of the largest grocery retailers, recently posted third-quarter fiscal 2015 earnings of 43 cents a share that beat the Zacks Consensus Estimate of 39 cents, and surged 22.9% from 35 cents earned in the prior-year quarter.
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Shares added 3% to $39.25 in premarket trading.
On a per-share basis, the Cincinnati-based company said it had profit of 43 cents. It’s the 48 consecutive quarter of same-store sales growth for Kroger and a sign that a recent spate of acquisitions is not impacting the company’s ability to grow.
The company has a 50 day moving average price of $37.41 and a 200-day moving average price of $37.04. Last month, Kroger agreed to buy Midwestern supermarket chain Roundy’s Inc. for about $800 million, including debt.
Kroger Company (The) (NYSE:KR): On Tuesday heightened volatility was witnessed in Kroger Company (The) (NYSE:KR) which led to swings in the share price. The company had revenue of $25075.00 million for the quarter, compared to analysts expectations of $25201.20 million.
Shares of Kroger Co (NYSE:KR) opened at 38.11 on Thursday. The company has a market cap of $37.93 billion. The company presently has an average rating of “Buy” and an average target price of $41.09. Stockholders of record on Friday, November 13th were paid a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, November 10th. This represents a $0.42 annualized dividend and a yield of 1.10%. The Firm also makes and processes some of the food for sale in its supermarkets. The current Zacks Consensus Estimate for fiscal 2015 stands at $1.99. As of January 28, 2012, the Company operated, either directly or through its subsidiaries, 2,435 supermarkets and multi-department stores, 1,090 of which had fuel centers.
Kroger operates 2,620 supermarkets and multi-department stores in 34 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry’s, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smith’s. It also operates 791 convenience stores, either directly or through franchisees, and 348 jewelry stores.
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