Kroger Beats Street on Q2 EPS, Revenues Fall Short, Lowers 2016 Guidance; Shares Off 2% Pre Bell (NYSE:KR)


The Kroger Company (NYSE:KR) reported Q2 earnings of $0.47 per diluted share, compared to $0.44 for the same period last year, and beating the Capital IQ forecast of $0.45. Revenues for the quarter were $26.6 billion, compared to $25.5 billion in the year-ago period, but short of the analyst forecast of $26.7 billion. The company also lowered its 2016 adjusted net earnings guidance range per diluted share to $2.10 to $2.20, from $2.19 to $2.28.

About 12.30M shares traded hands or 11.31% up from the average. Kroger Co (NYSE:KR) has declined 16.11% since February 8, 2016 and is downtrending. It has underperformed by 32.59% the S&P500.

The Kroger Co. operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The company has a market cap of $28.82 billion. The Firm also makes and processes food for sale in its supermarkets. It has a 14.47 P/E ratio. It operates through retail activities segment.

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