Albertsons CompaniesAlbertsons reported Q4 revenues in line with expectations but its stock fell 17.4% since reporting, indicating negative market reaction to earnings.
Grocery store stocks delivered mixed fourth-quarter results, with aggregate revenues beating analyst consensus estimates by 0.7%. Albertsons reported revenues of $19.12 billion, up 1.9% year on year and in line with expectations, but its stock fell 17.4% since reporting. Grocery Outlet posted the best performance, with revenues of $1.17 billion exceeding estimates by 1.4% and its stock rising 22.3%. Kroger's revenues of $46.12 billion beat estimates by 1.4%, yet its stock declined 11% after a gross margin miss. Sprouts Farmers Market recorded the fastest revenue growth among peers at 4.1% to $2.33 billion, and its stock gained 18.7% despite full-year EPS guidance missing expectations.
Albertsons CompaniesAlbertsons reported Q4 revenues in line with expectations but its stock fell 17.4% since reporting, indicating negative market reaction to earnings.
Grocery Outlet Holding CorpGrocery Outlet posted Q4 revenues exceeding estimates by 1.4% and its stock rose 22.3%.
Kroger CompanyKroger's Q4 revenues beat estimates by 1.4% but its stock declined 11% after a gross margin miss.
Sprouts Farmers Market LLCSprouts Farmers Market recorded fastest revenue growth among peers at 4.1% and its stock gained 18.7% despite full-year EPS guidance missing expectations.