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The Kroger Co. (KR) operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses.
Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
The company's marketplace stores offer full-service grocery, pharmacy, health and beauty care departments, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and price impact warehouse stores provide grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets; and sells fuel through 1,596 fuel centers.
As of January 30, 2021, the company operated 2,742 retail food stores under various banner names in 35 states and the District of Columbia as well as an online retail store. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.
Kroger Co. reported 3rd Quarter October 2021 earnings of $0.78 per share on revenue of $31.9 billion. The consensus earnings estimate was $0.67 per share on revenue of $30.1 billion. Revenue grew 7.2% on a year-over-year basis.
The company said it expects fiscal 2022 earnings of $3.40 to $3.50 per share. The company's previous guidance was earnings of $3.25 to $3.35 per share and the current consensus earnings estimate is $3.34 per share for the year ending January 31, 2022.
This stock should see an increase in share prices as members of the board authorized $1 billion in share repurchases, the company continues to generate increased ad growth, and growing fulfillment centers in California and Indiana.
Entry Point: $46.50
Stop Loss: $44.00
Trading Range: $31.43 - $47.99
Target Price: $51.00
KR closed at $54.00
