Company Earnings Update
Kroger (NYSE: KR) Fiscal 4Q18 Results: Comp Growth Strengthens, as Management Points to the Fruits of Its “Restock Kroger” Program
Key Points
- Kroger reported a 1.9% increase in same-store sales in 4Q18, up from 1.6% in the prior quarter and in line with consensus. Total reported sales declined due to the divestiture of its convenience store business.
- 4Q18 adjusted EPS of $0.48 came in shy of the $0.52 consensus.
- Management guided for FY19 same-store sales growth of 2.0-2.5%.
