The Kroger Co. (NYSE: KR) reported better-than-expected quarterly earnings and also settled an opioid lawsuit, agreeing to pay up to $1.2 billion to states and subdivisions and $36 million to tribes.
Kroger reported a second-quarter FY23 sales decline of 2.3% year-on-year to $33.85 billion, missing the analyst consensus of $34.13 billion. Adjusted EPS of $0.96 beat the consensus estimate of $0.91.
Kroger sees FY23 adjusted EPS of $4.45 - $4.60 versus an estimate of $4.51.
With the buzz around Kroger, some investors may be eyeing potential gains from the company’s dividends, too. As of now, Kroger offers an annual dividend yield of 2.55%, which is a quarterly dividend amount of $0.29 a share ($1.16 a year).
So, how can investors exploit ...