Benzinga Breakdown: Kroger Q1 Earnings

The Kroger Co KR announced Q1 results this morning.

• EPS $0.70 vs $0.69 est, up 13 percent YoY
• Sales $34.6B vs $34.88B est, up 4.5 percent YoY
• Comp sales excluding fuel up 2.4 percent
• Comps guidance confirmed for FY2016 at 2.5% to 3.5%
• Says FY2016 EPS will be in the low to middle end of existing guidance $2.19 to $2.28
• Expects dividend to increase “over time.”
• Expects capital expenditures on M&A to be in the $4.1 to $4.4 billion range for the year.

Shares of Kroger were trading up 1.5 percent at $36.25 following the release.