Kroger (KR) Stock: Good EPS, Bad Sales News on Earnings Day
TLDR
- Kroger posted Q2 adjusted EPS of $1.09, beating the $1.04 consensus estimate
- Identical sales without fuel came in at just 0.2%, down from 3.4% a year ago
- Full-year identical sales guidance was cut to 0.2%-0.8%, from 1.0%-2.0%
- Full-year adjusted EPS guidance was maintained at $5.10-$5.30
- KR stock fell 2.8% in premarket trading to $55.35
Kroger (KR) dropped 2.8% in premarket trading Friday to $55.35 after the grocery chain reported Q2 results that included a cut to its full-year sales outlook.
Identical sales without fuel rose just 0.2% in the quarter ended August 15, a sharp slowdown from the 3.4% growth posted in the same period last year. Total company sales came in at $34.6 billion, up from $33.9 billion a year ago.
Adjusted EPS of $1.09 came in ahead of the $1.04 Wall Street consensus and was up 4.8% year-over-year. Operating profit rose to $971 million from $863 million in the prior-year period.
KROGER $KR Q2โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $34.6B (Est. $34.58B) ๐ก; +2% YoY
๐น Adj. EPS: $1.09 (Est. $1.06) ๐ข; +5% YoY
๐น Adj. FIFO Oper Profit: $1.08B (Est. $1.01B) ๐ข; -1% YoYโฆ Continue reading the full article at the original source below.
