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Kroger Stock Jumps, as Better-than-Estimated Earnings Offset Soft Outlook
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Key Points
- Kroger’s shares were jumping Thursday morning as grocery chains earned softer quarterly than expected quarterly earnings.
- The grocery chain said earlier this week that CEO and chairman Rodney McMullen resigned after investigating his personal actions.
- The result is a first-quarter report from the grocery chain since its merger with rival Albertsons in December.
Kroger ((kr) Stocks were jumping Thursday morning as the grocery chain’s quarterly earnings outweighed expectations offset the soft outlook.
The company reported results of a mix of quarterly results and made a fourth-quarter adjustment Earnings per share (EPS) The consensus estimate for visible α is $1.14. Its fourth-quarter revenue was $34.31 billion in lagging estimates, as did its adjusted earnings per share for 2025 between $4.60 and $4.80.
The result is the first quarter report of the grocery chain since its merger with rival Albertsons (ACI) Once was Cancel A pair of judges support Federal Trade Commission (FTC) and ruled that the merger will be Possible results In lower wages Higher price As the industry competes will decrease.
Grocery chain said earlier this week that CEO and chairman Rodney McMullen Resign After an investigation into his personal conduct, Chief Director Ron Sargent appointed Chairman of the Board and Interim CEO.
Kroger shares rose more than 2% on Thursday, earnings over 25% over the past 12 months.
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