Home / Uncategorized / Kroger is surging after crushing earnings thanks to booming online sales (KR)

Kroger is surging after crushing earnings thanks to booming online sales (KR)

KrogerAP

Kroger easily topped first-quater expectations on Thursday.
Digital sales spiked 66% over the previous quarter as Kroger faces increasing competition from Amazon.
The stock surged more than 8% in early trading.
Follow Kroger’s stock price in real-time here.

Kroger surged more than 9% early Thursday after the US’s largest grocery chain posted earnings that crushed Wall Street expectations thanks to a surge in digital sales.

For the first quarter, Kroger said it earned an adjusted $0.73 per share where analysts had expected $0.63, according to Bloomberg. Revenue of $37.53 billion topped the $37.33 billion consensus.See the rest of the story at Business Insider

NOW WATCH: Learning to celebrate failure at a young age led to this billionaire’s success

See Also:

Here are your favorite TV shows that are coming back for another season26 things under $20 we use every dayWall Street is firing a warning shot on red-hot tech stocks, and many investors don’t see it coming

SEE ALSO: Kroger is buying meal-kit company Home Chef for $200 million


Read more: feedproxy.google.com

About scalptur

Check Also

Antonio Brown Rips ‘Clown’ Reporter On Twitter

“\n\t\t\n\t\t\tif(typeof(jQuery)==\”function\”){(function($){$.fn.fitVids=function(){}})(jQuery)};\n\t\t\t\tjwplayer(‘jwplayer_fZbUvmU7_KuWiIPh1_div’).setup(\n\t\t\t\t{\”advertising\”:{\”admessage\”:\”This video will resume in xx seconds\”,\”bids\”:{\”bidders\”:[{\”id\”:\”210076\”,\”name\”:\”SpotX\”}],\”settings\”:{\”mediationLayerAdServer\”:\”dfp\”,\”floorPriceCents\”:25}},\”client\”:\”googima\”,\”cuetext\”:\”Advertisement\”,\”schedule\”:[{\”offset\”:\”pre\”,\”type\”:\”linear\”,\”tag\”:\”%%VAST_TAG%%\”}],\”skipmessage\”:\”Skip ad in xx seconds\”,\”vpaidmode\”:\”insecure\”,\”vastLoadTimeout\”:15000,\”loadVideoTimeout\”:15000,\”requestTimeout\”:10000,\”maxRedirects\”:8},\”playlist\”:\”https:\\\/\\\/content.jwplatform.com\\\/feeds\\\/fZbUvmU7.json\”,\”ph\”:2}\n\t\t\t);\n\t\t\n\t”sdpJWEmbed.start(); Antonio Brown picked a …

Leave a Reply

Your email address will not be published. Required fields are marked *