Kroger (KR) Tops Q2 Views; Comps Up 4.7%, Ex-Gas; Reaffirms FY08 Forecast
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The Kroger Co. (NYSE: KR) reports Q2 EPS of $0.42, 1 cent better than the analyst estimate of $0.41. Revenues for the quarter were $18.1 billion, versus the consensus of $17.63 billion.
Including fuel, same store sales for the quarter rose 9.7%. Excluding fuel, Kroger's comps rose 4.7% over the quarter. Kroger sees FY08 same store sales up 4.5-5.5%, excluding gas.
Reaffirms its forecast for FY08 EPS of $1.85-$1.90.
The Kroger Co., together with its subsidiaries, operates as a food retailer in the United States.
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