Company Earnings Update 4 minutesRegister for Free AccessKroger (KR) 3Q16: In-Line Quarter, 2017 EPS Growth Below Target Range Coresight Research December 5, 2016 Executive Summary Kroger reported 3Q16 EPS of $0.41, in line with the consensus estimate. Revenues were $26.6 billion, up 5.9% year over year, and above the $26.3 billion consensus estimate. Same-store sales ex fuel were up 0.1%, below the +0.5% consensus estimate, and driven by higher transaction sizes that were more than offset by softer customer traffic. Deflation was 1.5% in 3Q, up from 1.3% in 2Q. Kroger lowered the high end of its 2016 earnings guidance range, now expecting adjusted EPS of $2.10–$2.15 from $2.10–$2.20 previously. Kroger also expects EPS growth to be below the low end of its 8%–11% target range in 2017. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: May 2023 Monthly Consumer Update: US, UK and ChinaSportswear Brands in 1Q23: High Costs and Promotions Erode Margins, but Key Brands Remain Positive for Full-Year 2023Fashinnovation’s Worldwide Talks 8: Entrepreneurship, Sustainability and Technology To Drive Fashion in 2023Temu, the New E-Commerce Marketplace Taking the US by Storm—What Do Consumers Actually Think?
