Kroger Stock Jumps, as Better-than-Estimated Earnings Offset Soft Outlook

Related Articles

Imports Surged to a Record High in March Ahead of Tariffs

Starbucks Is Set To Report Earnings, in Test of Turnaround Plan’s Progress

Falling Consumer Confidence Has Tripped This Recession Alarm

KEY TAKEAWAYS

• Kroger allowances are jumping Thursday morning as the grocery chain’s better-than-expected quarterly earnings offset a soft outlook.
• The grocery fetter said earlier this week that CEO and Chairman Rodney McMullen had resigned after a probe on his personal escort.
• The results are the grocery chain’s first quarterly report since its proposed merger with rival Albertsons was tinkled off in December.

Kroger (KR) shares are jumping Thursday morning as the grocery chain’s better-than-expected quarterly earnings offset a lessen outlook.

The company reported mixed quarterly results, with its fourth-quarter adjusted earnings per share (EPS) of $1.14 excessive consensus estimates from Visible Alpha. Its fourth-quarter revenue of $34.31 billion lagged estimates as did its outlook for 2025 of acclimatized EPS of between $4.60 and $4.80.

The results are the grocery chain’s first quarterly report since its proposed merger with compete with Albertsons (ACI) was called off in December after a pair of judges sided with the Federal Trade Commissions (FTC) and ruled that the combination would likely result in lower wages and higher prices as competition in the industry would decrease.

The grocery gyve said earlier this week that CEO and Chairman Rodney McMullen had resigned after a probe on his personal acquit, with Lead Director Ron Sargent appointed board chair and interim CEO. 

Kroger shares are rising more than 2% Thursday, focus oning their gains in the past 12 months above 25%.