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Kroger (NYSE: KR) Fiscal 4Q18 Results: Comp Growth Strengthens, as Management Points to the Fruits of Its “Restock Kroger” Program

Executive Summary

  • 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%.

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