Kroger (KR) Tops Q4 EPS by 1c; Guides In-Line

Kroger (NYSE: KR) reported Q4 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $27.6 billion versus the consensus estimate of $27.31 billion.

GUIDANCE:

Kroger sees FY2017 EPS of $2.21-$2.25, versus the consensus of $2.23.

"True to our history, we will continue making proactive investments in our Customer 1st Strategy to maintain our strong competitive position. We are lowering costs to invest those savings in our people, our business, and technology. This approach will enable us to deliver on our long-term net earnings per diluted share growth rate target of 8 – 11%, plus an increasing dividend, as it has in the past.

"In 2016, Kroger grew market share, increased tonnage, and hired more than 12,000 new store associates. For 2017 and beyond, we will continue delivering for our customers while also setting the company up for our next phase of growth and customer-first innovation."

For earnings history and earnings-related data on Kroger (KR) click here.

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