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 the report.
Kroger follows other major Consumer Staples sector earnings this month
Kroger's report follows an earnings beat by Walmart on August 16, 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 August 18 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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