Kroger (KR) Tops Q2 EPS by 16c, Raises Guidance

Kroger (NYSE: KR) reported Q2 EPS of $0.80, $0.16 better than the analyst estimate of $0.64. Revenue for the quarter came in at $31.7 billion versus the consensus estimate of $30.6 billion.

GUIDANCE:

Kroger sees FY2021 EPS of $3.25-$3.35, versus the consensus of $3.06.

• "Kroger's strong execution resulted in identical sales above our internal expectations for the second quarter, and we continued to remove costs from the business. Driven by the momentum in our results and sustained food at home trends, we are raising our full-year guidance. We now expect our two-year identical sales stack to be in the range of 12.6% to 13.1%. We expect our adjusted net earnings per diluted share to be in the range of $3.25 to $3.35.
• "We are emerging stronger through the pandemic and are confident in our ability to deliver sustainable earnings growth and total shareholder return."

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

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