Today we are watching…
1. Kroger (#kr)
The first quarter of the 2019 fiscal year is at a close for this grocery chain. Investors spent most of it selling off after razor-thin margins contracted even further last year. In reply, Kroger will push proprietary brands in the coming year. The earnings bar is set at 70 cents of profit per share on $37 billion in revenue.
2. Darden Restaurants (#darden)
From steak at The Capital Grille to beer at the Yard House, from upscale seafood at Eddie V’s to an Italian at Olive Garden, Darden has a restaurant for you. Making a success out of retail, the company has a good earnings track record. Today it hopes to cook up earnings per share of $1.73 on $2.2 billion in revenue, as estimated by analysts.