Investing.com - Kroger (NYSE:KR) reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kroger announced earnings per share of $0.9 on revenue of $34.64B. Analysts polled by Investing.com anticipated EPS of $0.7954 on revenue of $34.23B.
Kroger shares are up 9% from the beginning of the year and are trading at $49.44 , down-from-52-week-high.They are outperforming the S&P 500 which is down 15.38% from the start of the year.
Kroger shares gained 2.23% in intra-day trade after the report.
Kroger follows other major Consumer Staples sector earnings this month
Kroger's report follows an earnings beat by Walmart on Tuesday, August 16, 2022, who reported EPS of $1.77 on revenue of $152.86B, compared to forecasts EPS of $1.62 on revenue of $150.99B.
Estee Lauder had beat expectations on Thursday, August 18, 2022 with fourth quarter EPS of $0.42 on revenue of $3.56B, compared to forecast for EPS of $0.3219 on revenue of $3.42B.
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