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Kroger Misses Q4 Earnings, Issues Softer 2019 Outlook
Kroger posted weaker-than-expected fourth quarter earnings Thursday, as well as 2019 guidance that disappointed investors, sending shares sharply lower in pre-market trading.
Kroger Co. (KR - Get Report) posted weaker-than-expected fourth quarter earnings Thursday, as well as 2019 guidance that disappointed investors, sending shares sharply lower and wiping nearly $3 billion from its market value.
Kroger said adjusted earnings for the three months ending in January came in at 48 cents per share, down 11.1% from the same period last year and 4 cents shy of the Street consensus forecast. Group sales, Kroger said, were also 11% lower at $28.1 billion and again fell short of the consensus forecast of $23.38 billion. Looking into 2019, Kroger said it sees full year earnings in the range of $2.15 to $2.25 per share, lower than the $2.26 estimate from Refinitiv
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: KRc1dl1233.png]](https://finviz.com/publish/030919/KRc1dl1233.png)
Kroger posted weaker-than-expected fourth quarter earnings Thursday, as well as 2019 guidance that disappointed investors, sending shares sharply lower in pre-market trading.
Kroger Co. (KR - Get Report) posted weaker-than-expected fourth quarter earnings Thursday, as well as 2019 guidance that disappointed investors, sending shares sharply lower and wiping nearly $3 billion from its market value.
Kroger said adjusted earnings for the three months ending in January came in at 48 cents per share, down 11.1% from the same period last year and 4 cents shy of the Street consensus forecast. Group sales, Kroger said, were also 11% lower at $28.1 billion and again fell short of the consensus forecast of $23.38 billion. Looking into 2019, Kroger said it sees full year earnings in the range of $2.15 to $2.25 per share, lower than the $2.26 estimate from Refinitiv
...
https://www.thestreet.com/investing/earn...yptr=yahoo
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