Kroger (KR) Tops Q2 EPS by 10c, Raises FY Guidance

Kroger (NYSE: KR) reported Q2 EPS of $0.90, $0.10 better than the analyst estimate of $0.80. Revenue for the quarter came in at $34.6 billion versus the consensus estimate of $34.23 billion.

GUIDANCE:

Kroger sees FY2022 EPS of $3.95-$4.05, versus the consensus of $3.96.

• "Our second quarter results provide another proof point that Kroger has the right go-to-market strategy. Our consistent execution of this strategy is building momentum in our business which, combined with sustained food at home trends, gives us the confidence to raise our full-year guidance. We now expect identical sales without fuel to be in the range of 4.0% to 4.5% and adjusted net earnings per diluted share in the range of $3.95 to $4.05.
• Our business model has proven to be resilient in a variety of operating and economic environments and we remain confident in our ability to deliver attractive and sustainable total shareholder returns of 8-11% over time."

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

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