Insider Trading Wed 12/11/24

Notable purchases -- CEO and Directors add to AVDL; notable sales -- Senior Vice President / CIO active in KR

Buyers

• AVDL Chief Executive Officer and two (2) Directors bought 33,279 Ordinary Shares combined at $9.80 - $10.19 worth approximately $330K.
• BAH Director bought 690 shares of Class A Common Stock at $145.66 worth approximately $101K.
• CTGO Director bought 10,000 shares at $11.99 - $12.20 worth approximately $121K.
• ESQ Director bought 640 shares worth approximately $50K.
• MYE Interim President / Chief Executive Officer bought 15,000 shares at $11.33 - $12.41 worth approximately $179K.
• NRDY Chief Executive Officer bought another 168,361 shares of Class A Common Stock at $1.52 - $1.60 worth approximately $266K.
• PBF 10% owner Control Empresarial de Capitales S.A. de C.V. bought another 137,000 shares at $29.875 - $30.01 worth approximately $4.1 mln.
• PETS 10% owner Nina Capital bought 40,000 shares at $5.48 - $5.62 worth approximately $222K.
• UAMY Director bought 70,000 shares at $1.458 worth approximately $102K.

Sellers

• BGNE 10% owner Baker Bros. sold 1,037,017 American Depositary Shares worth more than $194 mln.
• DYN Director sold 136,112 shares at $29.00 - $29.66 worth approximately $4.0 mln.
• GTI Directors (2) sold 630,000 Class A Ordinary Shares combined worth approximately $1.4 mln.
• HNVR Directors (2) sold 7,500 shares combined at $25.50 - $25.53 worth approximately $191K.
• KR Senior Vice President and CIO sold 20,000 shares at $58.214 - $58.61 worth approximately $1.2 mln.
• LAD Chief Administrative Officer sold 267 shares at $379.50 worth approximately $101K.
• RNGR Director (managing member of Bayou Well Holdings Company) sold 137,865 shares at $15.51 - $16.26 worth approximately $2.2 mln.
• TROW Vice President sold 4,047 shares at $122.66 - $123.99 worth approximately $499K.
• VTOL Director sold 2,973 shares at $35.49 worth approximately $106K.

==Kroger (KR) reported earnings on Thur 20 June 24 (b/o)

 

Kroger beats by $0.08, reports revs in-line; reaffirms FY25 EPS guidance; co pauses its share repurchase program

• Reports Q1 (Apr) earnings of $1.43 per share, excluding non-recurring items, $0.08 better than the FactSet Consensus of $1.35; revenues rose 0.2% year/year to $45.27 bln vs the $44.86 bln FactSet Consensus.
  • Co reports Q1 Identical Sales without fuel increased +0.5%.
• Co reaffirms guidance for FY25, reaffirms EPS of $4.30-4.50, excluding non-recurring items, vs. $4.44 FactSet Consensus. Co reaffirms FY25 Identical Sales without fuel of +0.25-1.75%.
• "Kroger is off to a solid start in 2024 led by better-than-expected performance of our grocery business. Kroger is delivering exceptional value at a time when many customers need it more than ever, by providing affordable prices with personalized promotions."
• Co expects to continue to pay its quarterly dividend and expects this to increase over time, subject to board approval. Co has paused its share repurchase program to prioritize de-leveraging following the proposed merger with Albertsons (ACI).

==Kroger (KR) reported earnings on Thur 30 Nov 23 (b/o)

 

Kroger beats by $0.04, reports revs in-line; raises bottom end of FY24 guidance

• Reports Q3 (Oct) earnings of $0.95 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $0.91; revenues fell 0.7% year/year to $33.96 bln vs the $33.9 bln FactSet Consensus.
• Co issues in-line guidance for FY24, sees EPS of $4.50-4.60 from $4.45-4.60, excluding non-recurring items, vs. $4.51 FactSet Consensus. Identical sales without fuel of 0.6% -- 1.0%, with underlying growth of 2.1% -- 2.5% after adjusting for the effect of Express Scripts. Adjusted FIFO Operating Profit of $4.9 -- $5.0 billion.
• Kroger expects to continue to generate strong free cash flow and remains committed to investing in the business to drive long-term sustainable net earnings growth, as well as maintaining its current investment grade debt rating. The Company expects to continue to pay its quarterly dividend and expects this to increase over time, subject to board approval. Kroger has paused its share repurchase program to prioritize de-leveraging following the proposed merger with Albertsons.

=Kroger (KR) reported earnings on Fri 10 Sept 21 (b/o)

 

Kroger beats by $0.16, beats on revs; guides FY22 EPS above consensus

• Reports Q2 (Jul) earnings of $0.80 per share, $0.16 better than the S&P Capital IQ Consensus of $0.64; revenues rose 3.9% year/year to $31.68 bln vs the $30.69 bln S&P Capital IQ Consensus.
  • Identical Sales without fuel decreased 0.6%; two-year stack increased 14.0%
• Co issues upside guidance for FY22, sees EPS of $3.25-3.35 vs. $3.10 S&P Capital IQ Consensus.

-=Amazon.com (AMZN) eliminates its $14.99 monthly fee for grocery delivery to Amazon Prime members

The shares of some grocery sellers fell Tuesday, in the wake of Amazon.com Inc.'s (AMZN) announcement that it was eliminating its $14.99 monthly fee for grocery delivery to Amazon Prime members.

Kroger Co. (KR) dropped 1.4%, after closing Monday at a 4-week high.
Sprouts Farmers Market (SFM, -1.38% fell 0.6%, Target Corp. TGT, -0.98% slipped 0.2% and Walmart Inc. WMT, -1.07% lost 0.4%, while Costco Wholesale Corp. COST, -0.22% inched up less than 0.1%. Amazon shares eased 0.2%.

AMZN,KR,SFM,TGT,COST,WMT

Kroger (KR) reported earnings on Thur 7 March 19 (b/o)

** charts before earnings **

** charts after earnings **

**  1 day later  **

Kroger misses by $0.04, misses on revs; guides FY20 EPS below consensus

• Reports Q4 (Jan) earnings of $0.48 per share, excluding non-recurring items, $0.04 worse than the S&P Capital IQ Consensus of $0.52; revenues fell 9.5% year/year to $28.09 bln vs the $28.38 bln S&P Capital IQ Consensus. Identical sales without fuel at 1.9% vs 1.8% estimate 
  • Gross margin was 22.0% of sales for the fourth quarter. Excluding fuel, the 53rd week, and the LIFO credit, gross margin decreased 93 basis points from the same period last year due mostly to changes in mix and investments in supply chain, as well as investments in price.
• Co issues downside guidance for FY20, sees EPS of $2.15-2.25 vs. $2.26 S&P Capital IQ Consensus.
  • Kroger is targeting identical sales growth, excluding fuel, to range from 2.0% to 2.25% in 2019.
  • The company expects capital investments, excluding mergers, acquisitions, and purchases of leased facilities, to range between $3.0 and $3.2 billion in 2019.

Earnings this week : March 4 - 8, 2019 (wk 10)

Earnings confirmed to report this week:

Monday (March 4)

• Morning: IPAR
• Afternoon: AFH CTRP HUYA NVGS CRM STRL YY

Tuesday (March 5)

• Morning: AFI BNED CIEN GMS GSKY JW.A KSS KFY SINA TGT TPB WB
• Afternoon: AVAV AMBA CDLX COO FATE NIO OOMA AGS PRMW NX QTT  ROST RYI SSW URBN VSLR WMC  

Wednesday (March 6)

• Morning:  ANF AMRC BZUN BJ BF/B CHS DLTR DCI INXN JILL THO
• Afternoon: ABM AEO ASRT BLDP BREW CBPO CMTL DSGX FTK GWRE HIIQ KIDS MYRG REVG WHD YEXT

Thursday (March 7)

• Morning:  BKS BURL CNQ CPG CRCM DESP FLY HOV HRB IGT IMOS KR MEI PLUG REZI SSYS SUP TECD TWI USPH
• Afternoon: AOBC CHUY COST CYRX EB ERII FIZZ  GSHD INSG LOCO MRVL NVEE OEC OKTA TTOO UPLD WTRH

Friday (March 8)

• Morning: ALLO  BIG DSKE MTN NAV

This week's biggest % winners & losers : Sep 10 - 14, 18 (wk 37)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Industrials: AVAV (116.51 +16.01%), EGLE (5.63 +15.84%),
• Consumer Discretionary: GNC (3.75 +32.04%), EROS (12.75 +15.38%), HMHC (6.8 +15.25%), DISCA (32.18 +15.13%), DISCK (29.55 +14.76%)
• Information Technology: PI (26.4 +38.22%), AMD (32.72 +19.5%), LEJU (2.26 +18.95%), GOGO (4.97 +15.85%), HDP (25.5 +15.59%), MOBL (5.65 +15.31%)
• Energy: MTRX (25.75 +22.62%), ESV (7.5 +16.1%)

This week's top 20 % losers

• Healthcare: ACOR (17.25 -37.39%), PGNX (5.62 -23.71%), NLNK (2.36 -21.59%), ADXS (0.81 -20.98%), AXGN (34.9 -14.98%), OPK (3.9 -14.91%)
• Materials: TROX (13.05 -14.2%)
• Industrials: NNBR (16.03 -19.67%), GOL (4.54 -16.24%)
• Information Technology: DBD (4.35 -14.71%)
• Energy: SD (11.02 -22.67%)
• Consumer Staples: KR (27.8 -14.12%) 

=Kroger Co (KR) reported earnings on Thur 13 Sept 18 (b/o)

(Reuters) - Kroger Co missed quarterly same-store sales estimates on Thursday, as disruptions caused by the supermarket chain changing the way it stocks merchandise on shelves kept some customers away from its stores.

The company's shares fell 7 percent to $29.51 in premarket trading.

Under its "Restock" program launched this year, Kroger has been adjusting product assortments, rearranging store layouts and highlighting private label brands on its shelves.

However, analysts have said that the short-term disruption and inconvenience the program has caused could lead some customers to shop for their groceries elsewhere.

The company said its adjusted gross margin fell 36 basis points in the second quarter from a year earlier, hurt by price cuts and higher freight costs.

The company's same-store sales, excluding fuel, rose 1.6 percent in the quarter. Analysts on average had expected a 1.86 percent increase, according to Thomson Reuters I/B/E/S.

Kroger said its net income jumped 44 percent to $508 million, or 62 cents per share, in the quarter ended Aug. 18.

Excluding one-time items, Kroger earned 41 cents per share. Analysts had estimated a profit of 38 cents.

Total sales rose 1 percent to $27.87 billion, but missed analysts' estimate of $27.95 billion.

Earnings this week : September 10 - 14, 18 (wk 37)

Monday (Sept 10)   

• Morning: HOV
• Afternoon: CASY SONO

Tuesday (Sept 11)

• Morning: FRAN 
• Afternoon: FARM

Wednesday (Sept 12)

• Afternoon: OXM PVTL SAIC  TLRD  

Thursday (Sept 13)

• Morning: BRC KR   
• Afternoon:  ADBE CEA AGX PLM RLGT PCYG CSBR GSB

Friday (Sept 14)

• Morning: PLAY  MAMS PTI HGSH ATV CHNR FSBC ZNH

=Kroger (KR) reported earnings on Thur 21 June 18 (b/o)

• Wed 6/20:  Mkt cham. calls (Paul's reco)

Kroger beats by $0.10, reports revs in-line; raises bottom end of FY19 EPS guidance; Q1 comps +1.4%; raises FY19 comp guidance 

• Reports Q1 (Apr) earnings of $0.73 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $0.63; revenues rose 3.4% year/year to $37.53 bln vs the $37.25 bln Capital IQ Consensus.
• Co reported identical supermarket sales, without fuel, of 1.4% for the first quarter of 2018. When calculating identical sales to be more inclusive of company business units -- including Kroger Specialty Pharmacy and ship-to-home solutions -- Kroger's identical sales, without fuel, were 1.9% in the first quarter.
• Co issues in-line guidancefor FY19, raises bottom end of EPS to $2.00-2.15 from $1.95-2.15, excluding non-recurring items, vs. $2.07 Capital IQ Consensus Estimate. Kroger expects identical sales growth, excluding fuel, to range from 2.0% to 2.5% in 2018 (prior guidance 1-5-2.0%). This reflects the company's updated definition of identical sales and is supported by its expectation for identical supermarket sales that is the same as its original guidance for the year.

=Kroger (KR) reported earnings on Thur 8 March 2018 (b/o)

Kroger reports EPS in-line, revs in-line; guides FY19 EPS in-line 

• Reports Q4 (Jan) earnings of $0.63 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of $0.63; revenues rose 12.4% year/year to $31.03 bln vs the $30.81 bln Capital IQ Consensus.
• Identical supermarket sales, without fuel (comps) +1.5%. Gross margin was 21.9% of sales for the fourth quarter. Excluding fuel, the 53rd week and the LIFO credit and charge, gross margin decreased 31 basis points from the same period last year.
• Co issues in-line guidance for FY19, sees EPS of $1.95-2.15 vs. $2.10 Capital IQ Consensus Estimate; sees comps +1.5-2.0%.

=Kroger (KR) reported earnings on Thur 30 Nov 2017 (b/o)

Kroger beats by $0.04, reports revs in-line; reaffirms FY18 EPS guidance; Q3 comps +1.1%; sees Q4 comps exceeding +1.1%; provides FY19 guidance commentary 

• Reports Q3 (Oct) earnings of $0.44 per share, $0.04 better thanthe Capital IQ Consensus of $0.40; revenues rose 4.5% year/year to $27.75 bln vs the $27.48 bln Capital IQ Consensus. 
• Co reports Q3 identical supermarket sales growth, without fuel, was 1.1% in the third quarter of 2017.
• Gross margin was 22.4% of sales for the third quarter. Excluding fuel, ModernHEALTH and the LIFO charge, gross margin increased 30 basis points from the same period last year.
• Lower cost of goods and sales mix more than offset continued price investments. Gross margin was 22.4% of sales for the third quarter.
• Excluding fuel, ModernHEALTH and the LIFO charge, gross margin increased 30 basis points from the same period last year.
• Co reaffirms guidance for FY18, sees EPS of $2.00-2.05, excluding non-recurring items, vs. $1.97 Capital IQ Consensus Estimate. Guidance: Kroger expects fourth quarter identical supermarket sales growth, excluding fuel, to exceed 1.1%. The company expects capital investments excluding mergers, acquisitions and purchases of leased facilities, to be approximately $3.0 billion for 2017.
• FY19 Guidance: "We are striving for net earnings per diluted share to be flat to slight growth from 52-week 2017 adjusted results. We are not seeing anything that would cause us to be below $1.80. We expect capital investments, excluding mergers, acquisitions and purchases of leased facilities, to be approximately $3.0 billion. We expect the full year identical supermarket sales growth, excluding fuel, to be stronger than 2017." (FY19 Capital IQ consensus: $1.95). 

=Kroger (KR) reported earnings on Thur 15 June 2017 (b/o)

Kroger reports EPS in-line, beats on revs; lowers FY18 EPS below consensus:

• Reports Q1 (Apr) earnings of $0.58 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.58; revenues rose 4.9% year/year to $36.28 bln vs the $35.69 bln Capital IQ Consensus.
• Co issues lowered guidance for FY18, sees EPS of $2.00-2.05 from $2.21-2.25, excluding non-recurring items, vs. $2.19 Capital IQ Consensus Estimate.
• Gross margin was 22.1% of sales for the first quarter. Excluding fuel, ModernHEALTH and the LIFO charge, gross margin decreased 45 basis points from the same period last year.
• Guidance Details: Kroger continues to expect identical supermarket sales growth, excluding fuel, of flat to 1% growth for 2017. The company continues to expect capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in the $3.2 to $3.5 billion range for 2017.

=Kroger (KR) reported earnings on Thur 2 March 17 (b/o)

Kroger beats by $0.01, beats on revs with comps below ests; guides FY18 EPS in-line:

• Reports Q4 (Jan) earnings of $0.53 per share, $0.01 better than the Capital IQ Consensus of $0.52; revenues rose 5.5% year/year to $27.61 bln vs the $27.31 bln Capital IQ Consensus. 
  • Identical supermarket sales, without fuel, of -0.7% in the fourth quarter vs. 'slightly positive' guidance
  • Gross margin was 22.2% of sales for the fourth quarter. Excluding fuel, recent mergers and the LIFO charge, gross margin decreased 22 basis points from the same period last year.
• Co issues in-line guidance for FY18, sees EPS of $2.21-2.25 vs. $2.23 Capital IQ Consensus Estimate. Kroger anticipates identical supermarket sales, excluding fuel, to range from flat to 1% growth for 2017, just below estimates. Kroger expects the operating environment in the first half of 2017 to be similar to the second half of 2016. The company's results in the second half of 2017 are expected to show improvement as the company cycles the previous year. The company expects capital investments, excluding mergers, acquisitions and purchases of leased facilities, to be in the $3.2 to $3.5 billion range for 2017.
• Over the long term, Kroger is committed to achieving a net earnings per diluted share growth rate of 8 -- 11%, plus a growing dividend. 

=Kroger (KR) reported earnings on Thur 12/01/16 (b/o)

Kroger reports EPS in-line, misses on comps; lowers FY17 EPS; sees FY18 EPS below long term target/consensus :

• Q3 EPS $0.41 vs. $0.41 CIQ Consensus; revenue +6% to $26.6 bln vs. $26.33 bln consensus. Total sales, excluding fuel, increased 7.1% in the third quarter compared to the same period last year. Total supermarket sales, excluding fuel and Roundy's, increased 1.6% in the third quarter compared to the same period last year.
• ID sales +0.1% ex-fuel, below +0.5% estimates; -0.2% including fuel.
• Kroger's adjusted net earnings guidance range per diluted share for 2016 is $2.10 to $2.15 vs. $2.13 consensus, which excludes the $0.07 charge from the company's commitment to restructure certain multi-employer pension obligations in the second quarter. The previous adjusted guidance range was $2.10 to $2.20.
• The company is completing its business plan process for 2017 and will provide specific 2017 guidance in March. Kroger anticipates both positive identical supermarket sales and net earnings per diluted share growth, excluding the 53rd week (consensus +7% to). Net earnings growth will likely be below the low end of the company's 8 - 11% net earnings per diluted share long-term growth rate guidance. Kroger expects the operating environment in the first half of 2017 to be similar to today. The second half of 2017 should show improvement as the company cycles the current environment.
• Over the long term, Kroger is committed to achieving a net earnings per diluted share growth rate of 8 -- 11%, plus a growing dividend.

======Kroger (KR) reported earnings Fri 9 Sept 2016 (b/o)

Kroger beats by $0.02, reports revs in-line; lowers FY17 EPS, ID sales below consensus; reaffirms long term growth  :

Kroger—which acquired Chicago-area grocery chain Mariano's late last year—is hitting the reset button.The high-flying grocery chain, whose shares have risen 184 percent in the past five years, cut its full-year earnings outlook on Friday after second-quarter results missed forecasts. To preserve cash, it said it would also pull back on capital spending by $500 million.

• Reports Q2 (Jul) adj. earnings of $0.47 per share, $0.02 better than the Capital IQ Consensus of $0.45; revenues rose 4.0% year/year to $26.57 bln vs the $26.72 bln Capital IQ Consensus. 
• ID Sales Up 1.7% Without Fuel
• Total sales, excluding fuel and Roundy's, increased 2.9% in the second quarter compared to the same period last year.
• Gross margin was 22.1% of sales for the second quarter. Excluding fuel, Roundy's and the LIFO charge, gross margin decreased 13 basis points from the same period last year.
• Co issues downside guidance for FY17, sees EPS of $2.10-2.20, excluding non-recurring items, vs. $2.20 Capital IQ Consensus Estimate. 
• For identical supermarket sales growth, excluding fuel, the company expects the remainder of 2016 to be in the 0.5% to 1.5% range, which is 1.4% to 1.8% for the full year (down from +2.5-3.5%). The company lowered expected capital investments -- excluding mergers, acquisitions and purchases of leased facilities -- to $3.6 to $3.9 billion for the year. The previous expectation was $4.1 to $4.4 billion.
• Over the long term, the co expects to achieve its net earnings per diluted share growth rate guidance of 8 -- 11%, plus a growing dividend.

Note grocery peers SFM and SVU also cut guidance this week... WFM.

Kroger (KR) reported earnings Thur 3 March 16 (b/o)

** charts before earnings **

** charts after earnings **

 

**  1 day later  **

Kroger beats by $0.03, reports revs in-line with comps below guidance; guides FY17 EPS in-line :

• Reports Q4 (Jan) earnings of $0.57 per share, $0.03 better than the Capital IQ Consensus of $0.54; revenues rose 3.8% year/year to $26.16 bln vs the $26.28 bln Capital IQ Consensus. Total sales, excluding fuel, increased 6.5% in the fourth quarter over the same period last year. Excluding Roundy's, total sales without fuel increased 4.4% in the fourth quarter.
  • Comps +3.9% ex-fuel and Roundy's vs. +4.0-4.5% guidance, +3.7% including Roundy's.
• Co issues in-line guidance for FY17, sees EPS of $2.19-2.28 vs. $2.24 Capital IQ Consensus; comps +2.5-3.5%.
  • Where the company falls within the range will be primarily driven by actual fuel margins, which are expected to be at or slightly below the five-year average, with continued volatility. Kroger expects its core business in 2016 to grow in line with its long-term net earnings per diluted share growth rate of 8 -- 11%. Shareholder return will be further enhanced by a dividend which is expected to increase over time.

Kroger (KR) — is it a buy?

• 9/4/15:  Is KR a buy? or Sell?

•  9/11/15: a week later