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Notizie economiche
20.06.2024
Company news: Kroger’s (KR) quarterly results beat analysts’ estimates
Kroger (KR) reported Q1 FY2024 earnings of $1.43 per share (versus $1.51 per share in Q1 FY2023), beating analysts’ consensus estimate of $1.35 per share.
The company’s quarterly revenues amounted to $45.269 bln (+0.2% y/y), beating analysts’ consensus estimate of $44.864 bln.
The company also reaffirmed its FY2024 EPS guidance of $4.30-4.50 versus analysts’ consensus estimate of $4.44 and announced it had paused its share repurchase program to prioritise de-leveraging following the proposed merger with Albertsons (ACI).
KR rose to $53.50 (+2.92 %) in pre-market trading.
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