Kroger: Q1 Earnings Insights

Kroger KR reported its Q1 earnings results on Thursday, June 16, 2022 at 09:00 AM.

Here's what investors need to know about the announcement.

Kroger beat estimated earnings by 11.54%, reporting an EPS of $1.45 versus an estimate of $1.3.

Revenue was up $3.30 billion from the same period last year.

Last quarter the company beat on EPS by $0.17 which was followed by a 6.97% increase in the share price the next day.

Here's a look at Kroger's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.74	0.66	0.64	1.01
EPS Actual	0.91	0.78	0.80	1.19
Revenue Estimate	32.86B	31.23B	30.68B	39.78B
Revenue Actual	33.05B	31.86B	31.68B	41.30B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Kroger management provided guidance for FY 2022, expecting earnings between $3.85 and $3.95 per share.

To track all earnings releases for Kroger visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar