Kroger shares fall nearly 8% in premarket trades
Kroger Co. shares KR, -1.66% fell more than 7% in premarket trade Thursday, after the grocery store chain posted weaker-than-expected earnings for its fiscal fourth quarter. The company said it had net income of $259 million, or 32 cents a share, in the quarter to Feb. 2, down from $854 million, or 96 cents a share, in the year-earlier period. Adjusted net earnings came to 48 cents a share, below the 52 cents FactSet consensus. Sales fell 9.5% to $28.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Kroger shares plunge after earnings, revenue missKroger reported earnings before the bell Thursday.
Consulte Mais informação »
Amazon could be gearing up to reveal Walmart, Kroger, and Aldi's worst nightmareAmazon is reportedly planning to launch a new grocery-store chain that will be cheaper than Whole Foods.
Consulte Mais informação »
Another Kroger unit to stop accepting Visa credit cards due to high feesU.S. supermarket chain Kroger Co on Friday said its Smith's Food and Drug S...
Consulte Mais informação »
Kroger bans Visa credit cards at 134 stores over 'excessive' fees that 'drive up food prices'Kroger will stop accepting Visa credit cards at its Smith's Food & Drug Stores chain starting April 3.
Consulte Mais informação »
Kroger expands ban on Visa credit cards to Smith's Food & Drug stores in 7 statesKroger, which last year banned Visa cards in its Food Co. stores, is expanding its ban to Smith's Food & Drug Stores in seven states.
Consulte Mais informação »
Second Kroger Unit to Stop Accepting Visa Credit CardsKroger’s Smith’s Food & Drug, which operates 142 supermarkets and 108 gas stations across seven states, said it would stop accepting Visa credit cards on April 3
Consulte Mais informação »
Costco, Kroger, and Target Report Earnings Next Week. Here’s What to Watch.Next week will be big for food and big box retailers, but Jefferies argues that Kroger is the only buy of the bunch.
Consulte Mais informação »
Kroger shares plunge after earnings, revenue missKroger reported earnings before the bell Thursday.
Consulte Mais informação »
Foot Locker shares soar 18.5% premarket after blowout earnings
Consulte Mais informação »