LAST UPDATE 15:23
Kroger Co announced comparable sales in the quarter that exceeded estimates, mainly due to the demand for groceries, as the trend of eating at home caused by the pandemic, remains strong.
Comparable sales, excluding fuels, increased 4% in the fourth quarter compared to analysts’ average estimates of 2.84%.
Kroger Co announced comparable sales in the quarter that exceeded estimates, mainly due to the demand for groceries, as the trend of eating at home caused by the pandemic, remains strong.
Comparable sales, excluding fuels, increased 4% in the fourth quarter compared to analysts’ average estimates of 2.84%.
The share is up 4% in pre-conference trading.
The company expects adjusted comparable sales to increase 2% -3% in 2020, compared to average estimates for an increase of 2.1%.
The supermarket chain, which operates nearly 2,800 stores across the United States, said it expects adjusted earnings per share of $ 3.75-3.85 for the year, well above estimates of $ 3.45.
Kroger comparable sales, excluding fuel, increased 4% in the fourth quarter ended January 29, compared to estimates for an increase of 2.84%.
Source: Capital
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