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.
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:
Price Change %
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).
Kroger earnings and revenue guidance hasn’t been issued for now.
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