Kroger Files Earnings Preview with $33.86B Last-Quarter Revenue and 2.1% Growth Forecast
Kroger reported $33.86 billion in revenue last quarter, flat year-on-year, missing analysts’ revenue and EPS estimates despite raising full-year EPS guidance. For the quarter ending this Thursday, revenue is forecast to grow 2.1% after a 7.4% decline last year, and analysts are holding estimates steady.
1. Earnings Announcement Timeline
Kroger will release its first-quarter results this Thursday morning, marking an important update for investors who have been monitoring the grocery retailer’s performance amid volatile consumer spending. The upcoming report follows a mixed full-year showing and offers fresh insight into Kroger’s ability to regain growth momentum.
2. Last Quarter Results
In the previous quarter, Kroger generated $33.86 billion in revenue, flat compared with the same period last year, underperforming analyst forecasts on both top and bottom lines. While management boosted its full-year EPS guidance, the quarter still featured a notable EPS shortfall against consensus.
3. Current Quarter Outlook
Analysts anticipate revenue growth of 2.1% for the quarter ending Thursday, rebounding from a 7.4% year-on-year decline in the same period a year earlier. Coverage teams have largely maintained their forecasts over the past month, suggesting confidence in consistent execution.
4. Peer Comparisons and Market Context
In non-discretionary retail, Sprouts reported 7.6% revenue growth and Target saw a 1.5% decline, both aligning with expectations. Over the past month, Kroger’s shares have climbed 8.9%, supported by an average analyst price target of $73.45, reflecting cautious optimism about its earnings recovery.