Cincinnati, Ohio-based The Kroger Co. (KR) operates as a food and drug retailer. The company operates a combination of food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. With a market cap of $44.5 billion, Kroger operates as one of the world's largest food retailers in the US.
The grocery giant is expected to release its Q3 results by early December. Ahead of the event, analysts expect Kroger to report an adjusted profit of $1.04 per share, up 6.1% from $0.98 per share reported in the year-ago quarter. Further, the company has a robust earnings surprise history. It has met or surpassed the Street’s bottom-line estimates in each of the past four quarters.
