[ad_1]
Kroger Co.
KR, -2.33%
Inventories rose 2.1% after the grocer announced second-quarter results above expectations. Net income was $ 297 million, or 37 cents a share, compared with $ 508 million, or 62 cents a share, the year before. Adjusted EPS of 44 cents beat FactSet consensus by 41 cents. Sales of $ 28.17 billion were up from $ 28.01 billion, but just below FactSet's forecast of $ 28.37 billion. Digital sales increased 31%. Same-store sales without fuel increased 2.2%, exceeding FactSet's 1.9% growth forecast. Kroger maintained its forecast for 2019 for store sales growth of 2.0% to 2.25%, EPS of $ 2.30 to $ 2.40 and Adjusted EPS of $ 2.15 to 2.25%. $. FactSet guide for store sales growth of 1.9% and EPS of $ 2.17. The Kroger share fell 7% in 2019 while the S & P 500 index
SPX, + 0.12%
increased by 19.7% for the period.
[ad_2]
Source link