Kroger (KR) Misses Q3 EPS by 1c, Offers FY Guidance
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Revenue Growth %: -0.6%
Financial Fact:
Net earnings (loss) attributable to noncontrolling interests: -5M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Kroger (NYSE: KR) reported Q3 EPS of $0.47, $0.01 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $28 billion versus the consensus estimate of $28.15 billion.
GUIDANCE:
Kroger sees FY2019 EPS of $2.15-$2.25, versus the consensus of $2.20.
2019 Guidance
IDS (%) | EPS ($) | Operating Profit ($B) | Tax Rate Range** | Cap Ex ($B) | |
GAAP | N/A | $2.17 - $2.27 | $2.4 - $2.5 | 24.0% - 24.5% | $3.0 - $3.2 |
Adjusted* | 2.0% - 2.25% | $2.15 - $2.25 | $2.9 - $3.0 | 22.5% - 23.0% | N/A |
* Without adjusted items, if applicable; Operating profit represents FIFO Operating Profit. Kroger is unable to provide a full reconciliation of the GAAP and non-GAAP measures used in 2019 guidance without unreasonable effort because it is not possible to predict certain of our adjustment items with a reasonable degree of certainty. This information is dependent upon future events and may be outside of our control and its unavailability could have a significant impact on 2019 GAAP financial results. | |||||
** These rates reflect typical tax adjustments and do not reflect changes to the rate from the completion of income tax audit examinations, which cannot be predicted. |
For earnings history and earnings-related data on Kroger (KR) click here.
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