Kroger (KR) Tops Q3 EPS by 5c, Offers Guidance

Kroger (NYSE: KR) reported Q3 EPS of $0.95, $0.05 better than the analyst estimate of $0.90. Revenue for the quarter came in at $34 billion versus the consensus estimate of $33.9 billion.

GUIDANCE:

Kroger sees FY2023 EPS of $4.50-$4.60, versus the consensus of $4.52.

• Identical sales without fuel of 0.6% – 1.0%, with underlying growth of 2.1% – 2.5% after adjusting for the effect of Express Scripts
• Adjusted FIFO Operating Profit of $4.9 – $5.0 billion
• Adjusted net earnings per diluted share of $4.50 – $4.60, including an estimated benefit from the 53rd week of approximately $0.15

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

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