Kroger (KR) Tops Q3 EPS by 13c, Updates Guidance

Kroger (NYSE: KR) reported Q3 EPS of $0.78, $0.13 better than the analyst estimate of $0.65. Revenue for the quarter came in at $31.9 billion versus the consensus estimate of $31.12 billion.

GUIDANCE:

Kroger sees FY2021 EPS of $3.40-$3.50, versus the consensus of $3.34.

• "Driven by the momentum in our third quarter 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 13.7% to 13.9%. We expect our adjusted net earnings per diluted share to be in the range of $3.40 to $3.50.
• "Kroger is executing against its key financial and operational initiatives and continues to invest in strategic priorities that will drive attractive and sustainable total shareholder returns. We believe our business is emerging stronger through the pandemic and is well positioned to grow beyond 2021."

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

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