Kroger posts
Posted Jun 27th 2009 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Walgreen Co (WAG), Bed Bath and Beyond (BBBY), Kroger Co (KR), ConAgra Foods (CAG), Darden Restaurants (DRI), NIKE, Inc'B' (NKE), KB HOME (KBH), Lennar Corp'A' (LEN), Oracle Corp (ORCL), Red Hat Inc (RHT), CKE Restaurants (CKR), Rite Aid Corp (RAD), Potash Corp. of Saskatchewan (POT)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Nike, Oracle, Kroger, Walgreen, Monsanto, KB Home ...
Posted Jun 23rd 2009 3:30PM by Steven Mallas
Filed under: Earnings reports, Wal-Mart (WMT), Kroger Co (KR), Costco Wholesale (COST)
Kroger (NYSE:
KR), a supermarket chain that competes with
Wal-Mart (NYSE:
WMT),
Costco (NASDAQ:
COST), and
Supervalu (NYSE:
SVU), issued its
Q1 earnings report today. Not much came of it, though. The stock, as of this writing, isn't doing much in afternoon trading. Too bad for shareholders, because the bottom line beat the analysts.
According to the earnings preview from Michael Fowlkes, Kroger was expected to deliver around 61 cents per share. Well, Kroger earned 66 cents per share. The number improved last year's performance by 8 cents. Revenues were essentially flat. Same-store sales increased a little over 3%. When you think about it, Kroger did pretty well.
Continue reading Kroger increases profit and beats estimates, but I'm not a buyer
Posted Jun 22nd 2009 4:20PM by Michael Fowlkes
Filed under: Forecasts, Good news, Competitive strategy, Marketing and advertising, Kroger Co (KR), Recession

Kroger, the nations largest grocery chain, will be
reporting its fiscal first quarter earnings tomorrow before the market opens.
The current slowdown in consumer spending has actually played into the hands of
Kroger (NYSE:
KR). Households have been cutting back on dinners at restaurants, and looking for cheaper ways to feed the family. As a result, grocery sales are up, and for Kroger, its name brand products have also been on the rise.
Continue reading Kroger first quarter earnings preview
Posted Mar 30th 2009 10:30AM by Mark Fightmaster
Filed under: Kroger Co (KR)
Anyone out there like pistachios? Can't say that I do, what with turning my fingers green and all that, I'll settle for a nice, meaty cashew any day. Ah, but I digress. If you are a pistachio lover, and a Kroger (NYSE: KR) shopper, you may want to pay special attention.
On Friday, KR recalled a line of its pistachios because of a potential salmonella contamination. KR announced a recall of the "Private Selection" shelled pistachios sold in 10-ounce containers with a December 13, 2009 sell-by date, UPC number 1111073615.
The company stated that no illnesses have been reported in connection with the product, and it would give no idea of how the pistachios were exposed to salmonella. The nuts were sold at 17 of KR's chains in 31 states, including Kroger, Ralphs, Fred Meyer, Fry's, King Soopers, Smith's, Dillons QFC, City Market, Foods Co., Jay C., Scott's, Owen's, Baker's, Gerbes, Hilander, and Pay Less.
The timing of this announcement could be bad for KR, as its shares have started to perk up of late. The grocer was trading near the $27 region when the year started, but has fallen as low as the $19 region in the first three months of 2009. That said, the stock has rallied a bit and is trading in the lower $22 region.
Hopefully this recall won't affect the stock's price, but don't count out a bit of a drop thanks to the news. As to how far the stock could fall, that is anybody's guess. This follows closely on the heels of the big peanut salmonella case earlier this year.
Posted Mar 14th 2009 12:40PM by Trey Thoelcke
Filed under: Earnings reports, McDonald's (MCD), Citigroup Inc. (C), Kroger Co (KR), Staples Inc (SPLS), Smithfield Foods (SFD), Texas Instruments (TXN), American Eagle Outfitters (AEO)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Citigroup, Kroger, Staples, J. Crew, National Semiconductor and more
Posted Mar 10th 2009 11:15AM by Beth Gaston Moon
Filed under: Major movement, Earnings reports, Good news, Kroger Co (KR)
Call me sentimental, but there are many things I miss about my old stomping grounds of Cincinnati, Ohio. The trendy but well-run restaurants lining the Hyde Park neighborhood. Joseph-Beth, the best bookstore I've ever entered. Certain karaoke bars. Cincinnati chili, of course.
And Kroger. Yes, Kroger Co. (NYSE: KR), headquartered in the Queen City, is the top grocery chain in the country, but has no locations in Chicago. I miss its store-brand crackers, its salad bar, and occasionally, even its commercials.
Continue reading Kroger earnings edge higher in the fourth quarter
Posted Feb 27th 2009 12:45PM by Peter Cohan
Filed under: Competitive strategy, McDonald's (MCD), Kroger Co (KR), Technology
With all the gloom in the global economy, I got to wondering whether there is anything else going on in the world of business. I'm looking for growth because I think that's what will ultimately bring the economy out of the doldrums. Not surprisingly, that growth is coming from technology companies. In Growth Matters, I look at consumer technology companies that point the way to growth trends -- and in the process introduce services and products you may want to explore.
With people looking to save money, coupons are more important than ever. But wouldn't it be great if you could get the benefits of a coupon without clipping them and taking them with you shopping? If you have a cell phone, you can get this with Cellfire.
Continue reading Growth Matters: Cellfire puts coupons into your mobile
Posted Feb 14th 2009 6:40PM by Beth Gaston Moon
Filed under: Netflix, Inc. (NFLX), Whole Foods Market (WFMI), Kroger Co (KR), Tiffany and Co (TIF), Recession
As John, Paul, George, and Ringo once said, "Money can't buy me love." While true, money can buy long-stemmed roses, expensive dinners, theater tickets, and jewelry. On the flip side, this money can be tucked away for a rainy day -- the fancy floral delivery replaced with daisies from the grocery store, the pricey meal forgone for the cozy neighborhood spot (or fondue at home).
Many of us have long criticized St. Valentine's Day as a holiday conceptualized and fueled by Hallmark and American Greetings (NYSE: AM). But even more of us fall into its trap, spending a nice chunk of change in mid-February to prove our affection to our significant other.
Continue reading Is romance the latest recession victim?
Posted Dec 13th 2008 2:40PM by Trey Thoelcke
Filed under: Earnings reports, Nokia Corp. (NOK), Krispy Kreme Doughnuts (KKD), H and R Block (HRB), Kroger Co (KR), Costco Wholesale (COST), FedEx Corp (FDX), Procter and Gamble (PG), Eastman Kodak (EK), Electronic Arts (ERTS), Dow Chemical (DOW), Texas Instruments (TXN), CKE Restaurants (CKR)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Costco, Kroger, Krispy Kreme, Lululemon, FedEx, P&G and others
Posted Dec 9th 2008 3:30PM by Brent Archer
Filed under: Earnings reports, Kroger Co (KR), Options
Kroger (NYSE:
KR -
option chain) shares are falling today after
the company reported adjusted Q3 earnings of 0.39 that beat estimates of 0.38, but also forecast fourth-quarter earnings of 49 to 52 cents per share, below analysts' estimates of 53 cents per share. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on KR.
This morning, KR opened at $25.78. So far today the stock has hit a low of $24.38 and a high of $26.02. As of 12:05, KR is trading at $25.44, down $1.87 (6.9%). The chart for KR looks bullish and
S&P gives KR a positive 4 STARS (out of 5) buy ranking.
For a bearish hedged play on this stock, I would consider an April
bear-call credit spread above the $32.50 range. A bear-call credit spread is an options position that combines the purchase and sale of call options to hedge risk in case the stock doesn't do what you think, but still leverage nice returns. For this particular trade, we will make an 8.7% return in four and a half months as long as KR is below $32.50 at April expiration. Kroger would have to rise by more than 28% before we would start to lose money. Learn more about this type of trade
here.
KR hasn't been above $32.50 at all in the past year and shown resistance around $28 recently.
Brent Archer is an options analyst and writer at Investors Observer.
DISCLOSURE: Mr. Archer owns and/or controls diversified portfolios of long and short stock and option positions that may include holdings in companies he writes about. At publication time, Brent controls bullish hedged positions in KR. Both those positions and the trade above can expire profitably at the same time.Posted Dec 7th 2008 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, AutoZone Inc (AZO), H and R Block (HRB), Ciena Corp (CIEN), Kroger Co (KR), Costco Wholesale (COST)
Even as the holiday season ramps up and the calendar quarter begins to wind down, earnings reports continue to dribble in. Among the companies scheduled to release quarterly results this coming week, analysts surveyed by Thomson Reuters are expecting BWAY Holding Co. (NYSE: BWY), Powell Industries Inc. (NASDAQ: POWL), and Esterline Technologies Corp. (NYSE: ESL) to be among the biggest earnings gainers.
Atlanta-based packaging and container producer BWAY is expected to report fiscal fourth-quarter profits that are 65.6% higher than in the same period of last year, or $0.32 per share on revenues of $265.2 million (+4.9%). BWAY topped estimates in the previous two quarters -- by 44.9% in the third quarter. Those results sent shares to a new 52-week high. But shares have fallen 62.7% in the past three months, and they are now trading near a multiyear low of $4.11 per share.
Houston-based energy equipment maker Powell is expected to report fiscal fourth-quarter profits that are 62.7% higher than a year ago, or $0.59 per share. Revenues are forecast to be 14.2% higher, or $171.8 million. Powell beat expectations in the past three quarters -- by 20.2% in the third quarter. The share price has fallen 47.7% in the past three months, and the consensus recommendation is to buy POWL.
Continue reading The week in preview: Early December earnings expectations
Posted Nov 25th 2008 11:41AM by Laurie Pasternack
Filed under: Analyst reports, Analyst upgrades and downgrades, Apple Inc (AAPL), Motorola (MOT), Avon Products (AVP), Black and Decker (BDK), Campbell Soup (CPB), Kroger Co (KR), Lockheed Martin (LMT), Abercrombie and Fitch (ANF), Analyst initiations, Blackstone Group L.P (BX)
Analyst upgrades:
Analyst downgrades:
- Merrill downgraded Campbell Soup (NYSE: CPB) to Neutral from Buy and expects marketing and promotional spending to limit earnings growth in 2009 and 2010. The firm lowered their target to $35 from $42.
- Mechel Steel (NYSE: MTL) was cut to Underweight from Equal Weight at Morgan Stanley to reflect declining coal demand.
- Friedman Billings downgraded shares of Legg Mason (NYSE: LM) to Underperform from Market Perform on liquidity concerns given the Legg Mason's leveraged balance sheet and falling EBITDA. The firm lowered their target to $7 from $11.
Continue reading Analyst calls: RBC, BDK, KR, LEN, KR, CPB, MTL, LM, PIR, AAPL, AVP ...
Posted Oct 14th 2008 2:55PM by Steven Mallas
Filed under: Earnings reports, Wal-Mart (WMT), Kroger Co (KR), Safeway Inc (SWY), Procter and Gamble (PG), Kraft Foods'A' (KFT)
Supervalu (NYSE: SVU), whose competitors include Kroger (NYSE: KR), Safeway (NYSE: SWY), and Wal-Mart (NYSE: WMT), reported results for its fiscal second quarter. Net sales unfortunately didn't budge much at all. They came in essentially flat at $10.2 billion. Earnings per share on an adjusted basis were $0.61. According to this article, the expectations were for $0.69 per share. So, as can be seen, Supervalu lost the analyst-expectations game by a wide margin. Last year's adjusted earnings were $0.64 per share. Not only are those numbers disappointing, but comps saw a decrease of over 1%. And the gross margin suffered as well.
So, we have an earnings miss, flat revenue growth, and a decline in the bottom line. What does all that add up to in terms of market reaction? The stock sees a bid. At the time I began writing this piece, it was up 2.5%. As I found with Kroger, the market may be looking at supermarket businesses as defensive plays. Of course, at the time I covered Kroger, that company's numbers were a lot better than Supervalu's.
However, last time I checked the stock before sending this piece in, it was becoming more volatile along with the market, moving from green to red in quick succession. Given the weak data, I can't say that I'd be considering Supervalu right now. It is true that people will continue to shop at supermarkets even during economic downturns, but I'd rather look at something the supermarket sells as opposed to the supermarket itself to get defensive. I'd rather align my portfolio with the stronger brand equity of perhaps a Kraft (NYSE: KFT) or a Procter & Gamble (NYSE: PG) than a Supervalu.
Disclosure: I don't own any company mentioned; positions can change at any time.
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