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Kroger CEO Rodney McMullen joins CNBC's 'Money Movers' to discuss what's driving the stock's performance, what is behind changing consumer behavior, and more.
Kroger delivers adjusted earnings of 93 cents per share, edging past the Zacks Consensus Estimate by one cent.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 50 points on Thursday.
Kroger (KR) shares surged Thursday after it better-than-expected adjusted profit for the second quarter.
Kroger stock rises after reporting better-than-expected Q2 earnings.
While Kroger (KR) shares are higher after mixed earnings, Moderna (MRNA) tumbled off its plans to cut back on costs and production of its products. Meanwhile, OpenAI eyes additional funds from investors.
Kroger's CEO says the company is still committed to closing its merger with Albertsons, despite regulatory pushback.
Kroger beat Wall Street estimates for quarterly same-store sales and raised the lower end of its annual sales forecast on Thursday, as its efforts to offer freshly sourced groceries at lower prices helped pull in customers looking to save dollars.
Second Quarter Highlights Identical Sales without fuel increased 1.2% Operating Profit of $815 million; EPS of $0.64 Adjusted FIFO Operating Profit of $984 million and Adjusted EPS of $0.93 Achieved strong Adjusted Free Cash Flow Executed its go-to-market strategy to deliver value for customers Grew digital sales 11% Increased total households, customer visits and loyal households CINCINNATI , Sept. 12, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today reported its second quarter 2024 results, reaffirmed guidance and updated investors on how Leading with Fresh and Accelerating with Digital continues to position Kroger for long-term sustainable growth.
CINCINNATI , Sept. 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P.