Kroger, Country's Largest Supermarket Chain Tops Forecasts

Now watching

Next video starts in : 7 Play

Kroger, Country's Largest Supermarket Chain Tops Forecasts

Kroger, Country's Largest Supermarket Chain Tops Forecasts
Replay video
Up next

U.S. Stocks Open Flat; Paychex Small Business Survey Shows Growth

Unlock your personal NFL Now stream by signing in to NFL.com

Kroger, Country's Largest Supermarket Chain Tops Forecasts

by TheStreet 0:54 mins

Kroger, Country's Largest Supermarket Chain Tops Forecasts

by TheStreet 0:54 mins

Kroger blew past Wall Street's earning expectations Thursday. The nation's largest supermarket hit an all-time high on the news. Kroger (KR) earned $1.09 a share, four cents better than Wall Street expectations. The chain also raised its earnings forecast for the year and increased its full-year guidance for sales at established locations. But despite today's impressive earnings, not everyone is a fan of the stock. TheStreet's Susannah Lee spoke with Bob Summers of Susquehanna Financial Group, who is holding his 'sell' rating. Summers says the macro economic environment is not favorable for the entire sector including Kroger.

TheStreet

Personal Finance

  1. 4:18

    1/5 of Millennials financially support their parents, says new survey

  2. 1:14

    Money Minute: 5 things every college freshman should know about money

  3. 1:11

    Money Minute: Credit card perks you never knew about

  4. 2:02

    These jobs may sound cool, but they don't pay well

  5. 2:39

    The 5 jobs with the worst gender wage gap

  6. 1:15

    Money Minute: What happens when you take out a 401(k) loan?

Market Movers

  1. 14:52

    Wall Street's commodity woes; Apple's new service?; Cecil the Lion reaction

  2. 2:42

    Major airlines ban trophy hunter shipments

  3. 2:51

    CVS Health, Aetna see government gain; Sprint's upbeat report; Coach beats

  4. 3:09

    Apple in talks to launch virtual network service: report

  5. 1:45

    Sprint's management shake-up

  6. 2:29

    Sears profit; Tyson's beef problem; Goldman's legal costs