Kroger (KR) Tops Q2 EPS by 5c, Sales Miss; Reaffirms Outlook

(Updated - September 8, 2023 8:01 AM EDT)

Kroger (NYSE: KR) reported Q2 EPS of $0.96, $0.05 better than the analyst estimate of $0.91. Revenue for the quarter came in at $33.9 billion versus the consensus estimate of $34.12 billion.

GUIDANCE:

Kroger reaffirms FY2024 EPS of $4.45-$4.60, versus the consensus of $4.51. Identical sales without fuel of 1.0% – 2.0%, with underlying growth of 2.5% – 3.5% after adjusting for the effect of Express Scripts.

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

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