Kroger(NYSE:KR) stock rose by 0.49% on Monday after the company reported their Q2 earnings results on Friday, September 10, 2021 at 08:00 AM.

Here’s what investors need to know about the announcement.

Earnings

Kroger beat their estimated earnings by 25.0%, which surprised analysts.

Revenue was up $1,193,000,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.18, which was followed by a 1.1% drop in the share price the next day.

Here’s a look at Kroger’s past performance and the resulting price change:

Quarter
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
EPS Estimate
0.64
1.01
0.69
0.67
0.55
EPS Actual
0.80
1.19
0.81
0.71
0.73
Price Change %
-7.5%
-1.1%
1.03%
-0.97%
-1.07%

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Kroger earnings and revenue guidance hasn’t been issued for now.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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