Kroger: Q2 beats consensus
(CercleFinance.com) - Kroger has published adjusted EPS that is up 7% at 44 cents, two cents above the consensus, for sales of 28.
2 billion dollars, up 2.2% like-for-like, excluding fuel.
"We continue to reduce costs and are on track to deliver $100 million in incremental operating profit," said Rodney McMullen, Chairman and CEO of the US food retailer.
For the current fiscal year, Kroger expects adjusted EPS of 2.15 dollars to 2.25 dollars, adjusted operating profit of 2.9 billion to 3 billion dollars, and adjusted "identical sales growth" of between 2% and 2.25%.
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2 billion dollars, up 2.2% like-for-like, excluding fuel.
"We continue to reduce costs and are on track to deliver $100 million in incremental operating profit," said Rodney McMullen, Chairman and CEO of the US food retailer.
For the current fiscal year, Kroger expects adjusted EPS of 2.15 dollars to 2.25 dollars, adjusted operating profit of 2.9 billion to 3 billion dollars, and adjusted "identical sales growth" of between 2% and 2.25%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.