- Wed 6/20: Mkt cham. calls (Paul's reco)
Kroger beats by $0.10, reports revs in-line; raises bottom end of FY19 EPS guidance; Q1 comps +1.4%; raises FY19 comp guidance
- Reports Q1 (Apr) earnings of $0.73 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $0.63; revenues rose 3.4% year/year to $37.53 bln vs the $37.25 bln Capital IQ Consensus.
- Co reported identical supermarket sales, without fuel, of 1.4% for the first quarter of 2018. When calculating identical sales to be more inclusive of company business units -- including Kroger Specialty Pharmacy and ship-to-home solutions -- Kroger's identical sales, without fuel, were 1.9% in the first quarter.
- Co issues in-line guidancefor FY19, raises bottom end of EPS to $2.00-2.15 from $1.95-2.15, excluding non-recurring items, vs. $2.07 Capital IQ Consensus Estimate. Kroger expects identical sales growth, excluding fuel, to range from 2.0% to 2.5% in 2018 (prior guidance 1-5-2.0%). This reflects the company's updated definition of identical sales and is supported by its expectation for identical supermarket sales that is the same as its original guidance for the year.
No comments:
Post a Comment