Kroger (KR) Tops Q2 EPS by 2c; FY16 Outlook Trimmed
Get Alerts KR Hot Sheet
EPS Growth %: -11.3%
Financial Fact:
Net earnings attributable to The Kroger Co.: 383M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Kroger (NYSE: KR) reported Q2 EPS of $0.47, $0.02 better than the analyst estimate of $0.45. Revenue for the quarter came in at $26.6 billion versus the consensus estimate of $26.79 billion.
Comps rose 1.7 percent, excluding fuel.
GUIDANCE:
Kroger sees FY2016 EPS of $2.10-$2.20, versus prior guidance of $2.19-$2.28 and the consensus of $2.22.
For identical supermarket sales growth, excluding fuel, the company expects the remainder of 2016 to be in the 0.5% to 1.5% range, which is 1.4% to 1.8% for the full year.
The company lowered expected capital investments – excluding mergers, acquisitions and purchases of leased facilities – to $3.6 to $3.9 billion for the year. The previous expectation was $4.1 to $4.4 billion.
For earnings history and earnings-related data on Kroger (KR) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- The First Of Long Island (FLIC) Misses Q1 EPS by 3c
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Retail SalesRelated Entities
EarningsSign 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!