The Kroger Co. (NYSE:KR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
The Kroger Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.95% to $0.92 in the quarter versus EPS of $0.78 in the year-earlier quarter.
Revenue: Rose 3.36% to $30.04 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Kroger Co. reported adjusted EPS income of $0.92 per share. By that measure, the company beat the mean analyst estimate of $0.88. It missed the average revenue estimate of $30.2 billion.
Quoting Management: “Kroger achieved strong sales and record earnings per share for the quarter, and our customers’ positive view of us continues to improve,” said David B. Dillon, Kroger’s chairman and chief executive officer. “This is because of our continued focus on the Customer 1st strategy. Our first quarter results give us the confidence to raise our guidance for the year.”
Key Stats (on next page)…