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Sept. 10, 2021, 8:21 a.m. EDT

Kroger raises full-year adjusted earnings guidance

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By Tonya Garcia

Kroger Co. /zigman2/quotes/206215053/composite KR -2.73% reported second-quarter net income totaling $467 million, or 61 cents per share, down from $819 million, or $1.03 per share last year. Adjusted EPS of 80 cents beat the FactSet consensus for 64 cents. Sales of $31.68 billion were up from $30.49 billion last year and also ahead of the FactSet consensus for $30.64 billion. Digital sales more than doubled, up 114%. Identical sales excluding fuel fell 0.6%, ahead of the FactSet consensus for a 3.2% decline. On a two-year stack, identical sales were up 14%. Kroger raised its full-year adjusted EPS guidance to $3.25 to $3.35, up from previous guidance of $2.95 to $3.10. The FactSet consensus is for EPS of $3.09. Kroger shares fell 1.4% in Friday premarket trading, but have gained 45.3% for the year to date. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.84% has run up 19.6% for 2021 so far.

/zigman2/quotes/206215053/composite
US : U.S.: NYSE
$ 43.43
-1.22 -2.73%
Volume: 12.40M
Dec. 3, 2021 4:00p
P/E Ratio
32.57
Dividend Yield
1.93%
Market Cap
$32.30 billion
Rev. per Employee
$284,942
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/zigman2/quotes/210599714/realtime
US : S&P US
4,538.43
-38.67 -0.84%
Volume: 2.71B
Dec. 3, 2021 5:35p
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