Kroger: Buy or Sell After Q1 News?

Filed under: Earnings Reports, Wal-Mart (WMT), Kroger Co (KR), Costco Wholesale (COST)

Supermarket chain The Kroger Co. (KR), whose competitors include Costco Wholesale Corporation (COST) and Wal-Mart Stores, Inc. (WMT), was up over 3% at the time of this writing. At a price of $20.71, it was roughly four bucks under the 52-week high of $24.80. The volume was pretty active, indicating some conviction behind the trade. The catalyst was a Q1 earnings report. What should we make of the news?



Well, according to this item, the company competently beat the projections. Kroger made 58 cents per share; Wall Street was betting on 54 cents per share. But, investors won't enjoy the following information: last year at this time, the business earned 66 cents per share. Therefore, we have a decline in the bottom line to contend with.

Continue reading Kroger: Buy or Sell After Q1 News?

Kroger: Buy or Sell After Q1 News? originally appeared on BloggingStocks on Thu, 17 Jun 2010 18:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments
















Wal-Mart - Business - Kroger - BloggingStocks - Wall Street

Full story at http://www.pheedcontent.com/click.phdo?i=f58ad690b58ee8bd00a1784199718430