Kroger (KR) Reports In-Line Q310 EPS on Stronger Revs, Tightens FY10 Outlook
Tweet Send to a FriendGet Alerts KR Hot Sheet
Price: $34.23 +0.12%
Revenue Growth %: +13.1%
Financial Fact:
Sales: 21.81B
Today's EPS Names:
ANF, DXLG, FL, More
Revenue Growth %: +13.1%
Financial Fact:
Sales: 21.81B
Today's EPS Names:
ANF, DXLG, FL, More
Trade KR Now!
Kroger Co. (NYSE: KR) shares are showing some weakness premarket today, following the company's third quarter earnings report release this morning.
Net sales for the grocer came in at $202.2 million, or $0.32 per share, an improvement from a loss of $874.9 million reported in Q309.
Revenues for the quarter came in at $18.70 billion, a 5.9% jump from $17.66 billion for the same period last year.
Overall, analysts were expecting an EPS of $0.32 on revs of $18.51 billion.
Comps for the company increase 4.8%, or 2.7% excluding fuel charges.
Gross margins for the company decreased 10 basis points, excluding fuel operations.
Kroger bought back 2.9 million common shares in the quarter, for a total price of $64 million, or $21.72 average per share.
Kroger narrows FY10 identical supermarket (ID) sales growth from 2% - 3% to 2.5% - 3% with EPS narrowed from $1.60 - $1.80 to $1.65 - $1.78. CapEx is narrowed from $1.9 - $2.1 billion to $1.8 - $2.0 billion.
Consensus is looking for a FY10 EPS of $1.78 and revs of $81.31 billion.
UPDATE: Click here to see some highlights from Kroger's Q3 conference call.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Net sales for the grocer came in at $202.2 million, or $0.32 per share, an improvement from a loss of $874.9 million reported in Q309.
Revenues for the quarter came in at $18.70 billion, a 5.9% jump from $17.66 billion for the same period last year.
Overall, analysts were expecting an EPS of $0.32 on revs of $18.51 billion.
Comps for the company increase 4.8%, or 2.7% excluding fuel charges.
Gross margins for the company decreased 10 basis points, excluding fuel operations.
Kroger bought back 2.9 million common shares in the quarter, for a total price of $64 million, or $21.72 average per share.
Kroger narrows FY10 identical supermarket (ID) sales growth from 2% - 3% to 2.5% - 3% with EPS narrowed from $1.60 - $1.80 to $1.65 - $1.78. CapEx is narrowed from $1.9 - $2.1 billion to $1.8 - $2.0 billion.
Consensus is looking for a FY10 EPS of $1.78 and revs of $81.31 billion.
UPDATE: Click here to see some highlights from Kroger's Q3 conference call.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
- Hewlett-Packard Company (HPQ) Tops Q2 EPS by 6c as Sales Slide 10%
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
Create E-mail Alert Related Categories
EarningsRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
