Kroger (KR) Misses Q4 EPS by 4c, FY19 EPS Guidance Misses

Kroger (NYSE: KR) reported Q4 EPS of $0.48, $0.04 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $28.09 billion versus the consensus estimate of $28.38 billion.

GUIDANCE:

Kroger sees FY2019 EPS of $2.15-$2.25, versus the consensus of $2.26.

• Kroger is targeting identical sales growth, excluding fuel, to range from 2.0% to 2.25% in 2019.
• The company expects net earnings to range from $2.15 to $2.25 per diluted share and FIFO operating profit to range from $2.9 to $3.0 billion for 2019.
• The company expects capital investments, excluding mergers, acquisitions, and purchases of leased facilities, to range between $3.0 and $3.2 billion in 2019.
• Kroger expects its 2019 tax rate to be approximately 22%.

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

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