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Kroger (NYSE: KR) 1Q19 Results: Comp Growth Slows, Management Guides for an Uptick

Executive Summary

  • For 1Q19, Kroger reported same-store sales growth ex fuel of 1.5%, below the consensus estimate of 1.7% and slowing from 1.9% in the prior quarter.
  • Adjusted EPS of $0.72 was just ahead of the $0.71 consensus and just below $0.73 in the year-ago period.
  • Management confirmed FY19 guidance of same-store sales growth of 2.0-2.25% and EPS of $2.15-2.25.

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