Huge volume sell off tells me people are scared to be in this when news drops tomorrow. I hope they are wrong. Could be a nice loading zone here, depending on the news tomorrow of course.
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Kroger's pre-earnings jitters
Shares of Kroger fell 6% as investors anticipate the grocery chain giant's earnings release on Thursday. Most of those following the stock expect solid growth from Kroger, but the major strategic consideration is whether the ongoing onslaught from e-commerce retailers looking to supplant some demand for the foodstuffs that are so profitable for traditional grocers will hurt the company's long-term prospects. Meanwhile, comparable-store sales growth has been tepid at best over the past year. Kroger needs to demonstrate that it can keep improving, but today's share-price move suggests some skepticism about its ability to follow through.
Recent KR News
- Kroger Awarded 2024 Platinum Bell Seal for Workplace Mental Health • PR Newswire (US) • 05/06/2024 05:00:00 PM
- Kroger Makes Celebrating Mom even Easier • PR Newswire (US) • 05/02/2024 05:00:00 PM
- Celebrate Derby Day Traditions with Kroger • PR Newswire (US) • 04/29/2024 02:00:00 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC Announce an Updated and Expanded Divestiture Plan • PR Newswire (US) • 04/22/2024 12:30:00 PM
- Kroger Invites Prospective Associates to Discover a Career • PR Newswire (US) • 04/17/2024 06:45:00 PM
- Sewing Down South for HD Designs Hits Kroger Stores Nationwide • PR Newswire (US) • 04/16/2024 02:00:00 PM
- Kroger Kicks Off a Latin Flavor Take Over Four-Week Event • PR Newswire (US) • 04/10/2024 02:15:00 PM
- Kroger Zero Hunger | Zero Waste Foundation Sponsors National STEM Festival • PR Newswire (US) • 04/09/2024 02:15:00 PM
- MCoBeauty, Coveted Australian Beauty Brand, Expands to the U.S. Market Available Exclusively at Kroger • PR Newswire (US) • 04/04/2024 06:00:00 PM
- Nutri-Grain® and King Soopers Join No Kid Hungry to Help End Summer Hunger for Colorado Kids and Families • PR Newswire (US) • 04/04/2024 05:58:00 PM
- Home Chef Launches New National Food Rescue Program • PR Newswire (US) • 04/02/2024 02:30:00 PM
- Kroger Invites Customers to Join in Celebration of Earth Month • PR Newswire (US) • 04/01/2024 03:15:00 PM
- Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News • IH Market News • 03/26/2024 11:20:49 AM
- /C O R R E C T I O N -- Home Chef/ • PR Newswire (US) • 03/25/2024 04:06:00 PM
- Oh Goodness Gravy! Home Chef Debuts its First-Ever Family Menu Collaboration with Hit Series Bluey • PR Newswire (US) • 03/25/2024 02:00:00 PM
- Unilever Initiates Ice Cream Division Spin-Off and Announces Job Cuts; Berkshire Ramps Up Share Buyback Efforts, and More • IH Market News • 03/19/2024 11:33:10 AM
- Kroger Announces Definitive Agreement for Sale of Its Specialty Pharmacy Business • PR Newswire (US) • 03/18/2024 08:15:00 PM
- Kroger Delivers Convenience and Fresh for Springtime Travelers • PR Newswire (US) • 03/15/2024 03:30:00 PM
- Kroger's Board of Directors Declares Quarterly Dividend • PR Newswire (US) • 03/14/2024 08:15:00 PM
- Kroger Debuts New Our Brands Seafood Items • PR Newswire (US) • 03/14/2024 05:33:00 PM
- Nutri-Grain® and Kroger Join No Kid Hungry to Help End Summer Hunger for Ohio Kids and Families • PR Newswire (US) • 03/14/2024 02:04:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 07:35:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 07:29:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 07:25:50 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM