Kroger Co. Earnings: Investors are Not Happy with These Profits

S&P 500 (NYSE:SPY) component Kroger Co. (NYSE:KR) reported its results for the fourth quarter. Kroger is a retail chain operating food and drug stores, multi-department stores, jewelry stores, and convenience stores in the United States.

Investing Insights: Will New Apple Products Continue to PUMP UP Shares?

Kroger Co. Earnings Cheat Sheet

Results: Net income for Kroger Co. fell to $279.1 million (51 cents per share) vs. $280.8 million (46 cents per share) a year earlier. This is a decline of 0.6% from the year-earlier quarter.

Revenue: Rose 3.9% to $21.73 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kroger Co. beat the mean analyst estimate of 49 cents per share. It fell short of the average revenue estimate of $29.13 billion.

Quoting Management: “We are pleased with Kroger’s strong performance in the second quarter,” said David B. Dillon, Kroger’s chairman and chief executive officer. “Kroger shareholders once again benefited from our Customer 1st strategy. Increased customer loyalty and solid cost controls allowed us to grow sales, profitability, and shareholder value.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 6 cents in the third quarter, by one cent in the second quarter, and by 2 cents in the second quarter.

Looking Forward: Expectations for the first quarter of the next fiscal year have not changed from 42 cents. The average estimate for the fiscal year is $2.38 per share, a rise from $2.32 ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

These 5 Big Banks LOVE Mario Draghi

These New Entrants are Looking to Harness the $8 Billion Energy Drink Market

Is the New Kindle Fire HD Wow-Worthy After the Big Show?

More from The Cheat Sheet