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Kroger reports earnings that beat estimates
Kroger Co. reported fourth-quarter net income of $327 million, or 40 cents per share, up from $259 million, or 32 cents per share, last year. Adjusted EPS of 57 cents beat the FactSet consensus for 55 cents per share. Sales of $28.9 billion rose from $28.3 billion last year and was in line with the FactSet outlook. Digital sales were up 22%. Same-store store sales without fuel rose 2%, just below the 2.1% growth FactSet forecast. Kroger reaffirmed its 2020 guidance for EPS of $2.30 to $2.40 and same-store sales growth of 2.25%. The FactSet consensus is for EPS of $2.33 and same-store sales growth of 2.1%. The guidance doesn't take coronavirus into account, the supermarket company said. Kroger stock edged up 0.5% in Thursday premarket trading and has gained 7.1% over the last 12 months. The S&P 500 index is up 12.2% for the past year.
https://finance.yahoo.com/m/66e6779...4/kroger-reports-earnings-that.html?.tsrc=rss
Kroger Co. reported fourth-quarter net income of $327 million, or 40 cents per share, up from $259 million, or 32 cents per share, last year. Adjusted EPS of 57 cents beat the FactSet consensus for 55 cents per share. Sales of $28.9 billion rose from $28.3 billion last year and was in line with the FactSet outlook. Digital sales were up 22%. Same-store store sales without fuel rose 2%, just below the 2.1% growth FactSet forecast. Kroger reaffirmed its 2020 guidance for EPS of $2.30 to $2.40 and same-store sales growth of 2.25%. The FactSet consensus is for EPS of $2.33 and same-store sales growth of 2.1%. The guidance doesn't take coronavirus into account, the supermarket company said. Kroger stock edged up 0.5% in Thursday premarket trading and has gained 7.1% over the last 12 months. The S&P 500 index is up 12.2% for the past year.
https://finance.yahoo.com/m/66e6779...4/kroger-reports-earnings-that.html?.tsrc=rss
