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Kroger (KR) 2Q18 Results: Earnings Beat, Misses on Revenue

Executive Summary

  • Kroger reported 2Q18 revenues of $27.9 billion, up 1.0% year over year and slightly below the consensus estimate of $28.0 billion. Adjusted EPS was $0.41, up 5.1% year over year, beating the consensus estimates of $0.38.
  • The company reported a gross margin of 21.3%, 36 basis points down year over year.
  • Kroger guided its 2018 sales growth, excluding fuel, in the range 2.0%-5% in 2018. On an adjusted basis, the EPS guidance was in the range of $2.00-$2.15.

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