earnings
confidence high
sentiment neutral
materiality 0.65
Kroger Q2 adj EPS $0.93 vs $0.96; raises FY identical sales low end to 0.75%
KROGER CO
2024-Q2 EPS reported
$1.93
revenue$79,181,000,000
- Q2 EPS $0.64 (vs -$0.25 YoY); adjusted EPS $0.93 (vs $0.96); operating profit $815M.
- Identical sales without fuel +1.2%; total sales $33.9B flat YoY; digital sales +11%.
- FY 2024 guidance: adj FIFO op profit reaffirmed $4.6-4.8B; adj EPS $4.30-4.50; identical sales without fuel raised to 0.75%-1.75%.
- Completed $10.5B debt offering to partially fund proposed Albertsons merger cash consideration.
- CEO confident in merger as FTC preliminary injunction hearing nears close; share repurchase paused.