Kroger Reports Earnings, Raises FY Guidance

    Author Stas SerfesPosted on Format VideoCategories Investing VideosTags , , , , , , , ,

    Ladies and gentlemen, we just got earnings from Kroger (NYSE:KR) this morning.

    The company reported $0.90 adjusted EPS versus the $0.77 estimate from the analyst. Revenue for the quarter came in at $34.6 billion, which actually beat the $34.25 billion.

    And it’s up a good amount from last year in the same quarter when Kroger (NYSE:KR) reported $31.78 billion of revenue.

    And on top of that, the company also raised its full-year 2022 adjusted EPS number from about $3.85 to $3.95. Now, to $3.95 to $4.05.

    Kroger (NYSE:KR) also raised their full-year 2022 same-store sales growth outlook from about 2.5% to 3.5%. Now, it’s at about 4-4.5%.

    That’s the reason why the stock is moving.

    Kroger Stock Up 5% Following Earnings

    And looking at the chart, the stock’s up over 5% after these earnings, which makes sense to me. It’s starting to break out of $50 per share.

    It’s at a multi-week high.

    I feel like mid-50s, even higher is where it could be going.

    What do you guys think? Let me know your thoughts. Follow along for more.

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    Author Stas Serfes
    About the author: Stas Serfes is a stock market investor/trader who owns Strive Smart LLC, a media company that’s amassed millions of views across multiple platforms. Upon graduating college, he realized he wanted to take the entrepreneurial route and create his own path. In 2017 Stas started his Youtube channel “Stas Serfes” where he began creating content on his experiences in the stock market and what he’s learned. This stemmed from his passion about money, business, stocks, and personal finance.