Kroger (KR) Reports In-Line Q1 EPS, Lowers FY EPS Guidance
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Kroger Reports First Quarter Results
June 15, 2017 7:45 AM EDTCINCINNATI, June 15, 2017 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today reported net earnings of $303 million, or $0.32 per diluted share, and identical supermarket sales growth, without fuel, of -0.2% in the first quarter of 2017. Kroger's net earnings per diluted share includes charges related to the withdrawal liability for certain multi-employer pension funds and a Voluntary Retirement Offering (the 2017 adjustment items, see Table 6). Excluding the effect of these charges, Kroger's adjusted net earnings were $546 million, or $0.58 per diluted share. Kroger's net earnings for the first quarter last year were $696 million, or $0.71 per diluted share.
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