Investing.com - Kroger (NYSE:KR) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kroger announced earnings per share of $1.19 on revenue of $41.30B. Analysts polled by Investing.com anticipated EPS of $0.9819 on revenue of $39.56B.
Kroger shares are up 18% from the beginning of the year and are trading at $37.50 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.45% from the start of the year.
Kroger shares lost 0.13% in pre-market trade following the report.
Kroger follows other major Services sector earnings this month
Kroger's report follows an earnings beat by Costco on Thursday, May 27, 2021, who reported EPS of $2.75 on revenue of $45.28B, compared to forecasts EPS of $2.32 on revenue of $43.65B.
Pinduoduo had beat expectations on Wednesday, May 26, 2021 with first quarter EPS of $-2.33 on revenue of $22.17B, compared to forecast for EPS of $-2.46 on revenue of $19.82B.
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