Company Earnings Update 4 minutesRegister for Free AccessKroger (KR) 2Q16 RESULTS: MIXED QUARTER, LOWERS GUIDANCE Coresight Research September 12, 2016 Executive Summary Kroger reported fiscal 2Q16 adjusted earnings per share (EPS) of $0.47 versus $0.44 a year ago and beat consensus by two pennies. Revenues were $26.6 billion, up 4% year over year and slightly below the consensus estimate of $26.8 billion. Identical supermarket sales were up 1.7%, however there was deflation in most categories, except in produce and pharmacy. The company lowered FY16 EPS guidance to $2.10–$2.20 from $2.19–$2.28 due to continued deflation. Kroger also reduced guidance for supermarket same-store sales and capital expenditures (capex), however, it kept its long-term EPS growth rate target of 8%–11%. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: June 2023 US Retail Traffic and In-Store Metrics: Recovery Stalls as In-Store Sales Dip FurtherUS Consumer Tracker: Shoppers Show Reduced Awareness of Price IncreasesFall Shopping and Activity Has Arrived: US Consumer Survey Insights 2023, Week 39US Consumer Tracker Extra: Working from Home, Returning to Stores and the Complex 2023 Consumer
