Ryan English, MBA, CFA, CPA, CFP®, recently spoke with Steve Watkins of the Cincinnati Business Courier about Kroger Co.’s adjusted fourth-quarter earnings. Below is an excerpt from the article:
Downtown-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, earned 99 cents per share in the quarter, the company said Thursday before the market opened. That’s up from 91 cents in the year-ago quarter.
It beat analysts’ estimates by at least 10%. Analysts had been predicting Kroger would earn 90 cents per share, based on estimates compiled by Zacks Investment Research, and 89 cents per share, according to Thomson Reuters consensus estimates…
Ryan English, investment manager and shareholder at Kenwood-based investment advisory firm Foster & Motley, called it a "great earnings report." He was impressed by the same-store sales growth.
"The results show that consumers are still maintaining their habit of eating more at home and dealing with inflation," English said.
Click here to read the full article (a subscription may be required).