Cincinnati, Ohio-based The Kroger Co. (KR) operates as a food and drug retailer. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price-impact warehouses. With a market cap of $41.4 billion, it operates as one of the world's largest food retailers. The grocery giant is expected to release its Q3 earnings on Thursday, Dec. 5.
Ahead of the event, analysts expect Kroger to report a profit of $0.98 per share, up 3.2% from $0.95 per share reported in the year-ago quarter. The company has surpassed Wall Street’s earnings projections in the past four quarters. In the last reported quarter, its adjusted EPS fell 3.1% year-over-year to $0.93 but still surpassed consensus estimates by 1.1%.
