Kroger (KR) Tops Q3 EPS by 4c, Confirms FY Guidance

Kroger (NYSE: KR) reported Q3 EPS of $0.44, $0.04 better than the analyst estimate of $0.40. Revenue for the quarter came in at $27.7 billion versus the consensus estimate of $27.46 billion.

Kroger confirms 2017 net earnings guidance for 53 weeks of $1.74-$1.79 per diluted share and adjusted net earnings guidance for 53 weeks of $2.00 to $2.05 per diluted share. Both GAAP and adjusted net earnings per diluted share guidance include the effect of hurricanes.

Kroger expects fourth quarter identical supermarket sales growth, excluding fuel, to exceed 1.1%.

The company expects capital investments excluding mergers, acquisitions and purchases of leased facilities, to be approximately $3.0 billion for 2017.

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

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