Investing.com - Kroger (NYSE:KR) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kroger announced earnings per share of $0.91 on revenue of $33.05B. Analysts polled by Investing.com anticipated EPS of $0.7333 on revenue of $32.59B.
Kroger shares are up 9% from the beginning of the year and are trading at $51.58 , down-from-52-week-high.They are outperforming the S&P 500 which is down 7.97% from the start of the year.
Kroger shares gained 4.48% in pre-market trade the report.
Kroger follows other major Consumer Staples sector earnings this month
Kroger's report follows an earnings beat by Walmart on February 17, who reported EPS of $1.53 on revenue of $152.87B, compared to forecasts EPS of $1.5 on revenue of $151.72B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of $0.45 on revenue of $9.47B, compared to forecast for EPS of $0.4118 on revenue of $8.99B.
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