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Benzinga Breakdown: Kroger Q1 Earnings

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The Kroger Co (NYSE: 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.

Posted-In: Earnings News Guidance Dividends

 

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