Investing.com - Kroger (NYSE:KR) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kroger announced earnings per share of $1.45 on revenue of $44.60B. Analysts polled by Investing.com anticipated EPS of $1.29 on revenue of $43.85B.
Kroger shares are up 12% from the beginning of the year and are trading at $50.30 , down-from-52-week-high.They are outperforming the S&P 500 which is down 20.48% from the start of the year.
Kroger shares lost 1.14% in pre-market trade the report.
Kroger follows other major Consumer Staples sector earnings this month
Kroger's report follows an earnings matched by Costco on May 26, who reported EPS of $3.04 on revenue of $52.6B, compared to forecasts EPS of $3.04 on revenue of $51.56B.
Brown Forman A had beat expectations on June 8 with fourth quarter EPS of $0.31 on revenue of $996M, compared to forecast for EPS of $0.2649 on revenue of $831.76M.
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