Kroger (KR) Reports In-Line Q2 EPS, Confirms FY Guidance

Kroger (NYSE: KR) reported Q2 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $27.6 billion versus the consensus estimate of $27.49 billion.

Kroger confirms 2017 net earnings guidance for 53 weeks of $1.74-$1.79 per diluted share. Kroger confirms adjusted net earnings guidance range of $2.00 to $2.05 per diluted share. The company\'s LIFO expectation remains unchanged at $80 million.

Kroger expects identical supermarket sales growth, excluding fuel, of 0.5 to 1.0% for the remainder of the fiscal year.

Kroger\'s guidance does not include any effect from hurricanes Harvey and Irma.

The company expects capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in the $3.0 to $3.3 billion range for 2017

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

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