Kroger (KR) Tops Q1 EPS by 10c

Kroger (NYSE: KR) reported Q1 EPS of $0.73, $0.10 better than the analyst estimate of $0.63. Revenue for the quarter came in at $37.5 billion versus the consensus estimate of $37.33 billion.

• Kroger reported identical supermarket sales, without fuel, of 1.4% for the first quarter of 2018.

Comments from Chairman and CEO Rodney McMullen

"Restock Kroger is off to a fantastic start. Everything we do supports our customers engaging seamlessly with Kroger. Kroger is creating the future of retail by innovating our core business and adding exciting partnerships like Ocado and our planned merger with Home Chef. We are on track to generate the free cash flow and incremental FIFO operating profit that we committed to in Restock Kroger. We are confident in our ability to deliver on our plans for the year and our long-term vision to serve America through food inspiration and uplift."

GUIDANCE:

Kroger sees FY2018 EPS of $2.00-$2.15, versus the consensus of $2.07.

• Kroger expects identical sales growth, excluding fuel, to range from 2.0% to 2.5% in 2018.

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

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