Shares of Kroger’s (KR) are moving up on Thursday as the company posted its fourth-quarter earnings, beating Wall Street estimates with a revenue of $1.34 per share against an expected $1.13 per share. The company did, however, decide to hold on its previously scheduled earnings call, claiming they are committed to defending the merger with Albertsons (ACI) which saw push back from the FTC.
Shares of BJ’s Wholesale Club (BJ) are also moving higher as the company posted its fourth-quarter earnings, beating Wall Street expectations on the bottom line with $1.11 adjusted earnings per share, but missed on the top line with $5.36 billion versus and expected $5.39 billion.
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Editor’s note: This article was written by Nicholas Jacobino
