Kroger stock jumps following Q4 earnings report
Kroger stock spiked on Thursday morning with shares hitting a high of $54.75 by around 11 am, up 8.44%, upon release of its Q4 earnings report that handily beat analyst predictions on its earnings per share.
The company reported earnings of $1.34 on revenue of $37.06 billion for the quarter ended January, coming in far above analyst estimates of $1.13 per share.
Revenue was up 6.44% year over year, and Kroger said it anticipates net earnings per diluted share of $4.30 to $4.50 per share in fiscal year 2025.
Adjusted earnings for the year came in at $4.76 per share,…