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Kroger (KR) 1Q18 Results: Beats on EPS and Revenue, Raises Outlook

Executive Summary

  • Kroger reported 1Q18 adjusted EPS of $0.73, up from $0.58 in the year-ago period and above the $0.63 consensus estimate. Revenues were $37.5 billion, up 3.4% year over year and above the $37.3 billion consensus estimate.
  • Same-store sales excluding fuel were up 1.4%, below the 1.5% consensus estimate and inline with company guidance.
  • The company raised its FY18 EPS guidance range to$2.00–$2.15from $1.95–$2.15 previously. The consensus estimate calls for full-year EPS of $2.07. The company expects full-year same-store sales growth of 2%–2.5%,versus previous guidance of 1.5%–2%.

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