Can this company perform well in a grocery battle against Amazon?
KR
The Kroger Co.
Consumer Staples - Food & Staples Retailing
The Kroger Co. is scheduled to report their FQ1’18 earnings tomorrow, June 21, before the market opens. The Estimize consensus projects an EPS of $0.63, which would demonstrate a 7% year-over-year growth rate. Wall Street predicts a very similar EPS of $0.62. Estimize anticipates revenue to come it at $37.092B, whereas Wall Street projects a revenue of $36.974B. The Estimize consensus projects a 1.5% increase in identical supermarket sales, which would display an 850% year-over-year growth rate.
Kroger has been making many fundamental changes that will impact its success and growth in the future. One such change is the investments in it’s online shopping platform that will now make online orders and in-store pickups possible, along with new technologies facilitating self check-out and digital coupons. These technological additions come as Kroger tries to compete with Amazon and Whole Foods, both of which are already well ahead in the online grocery arena.
(Photo Credit: Thomas Hawk)