logo
Plus   Neg
Share
Email

Kroger Confirms FY19, FY20 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, Kroger Co. (KR) confirmed adjusted earnings and identical sales growth guidance for the full-year 2019 and 2020.

For the third quarter, the company reported that identical sales without fuel grew 2.5 percent and digital sales grew 21 percent.

For fiscal 2019, Kroger continues to project adjusted earnings in a range of $2.15 to $2.25 per share on adjusted identical sales growth 2.0 to 2.25 percent.

For fiscal 2020, the company confirms adjusted earnings in a range of $2.30 to $2.40 per share on adjusted identical sales growth of about 2.25 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.20 per share for fiscal 2019 and $2.33 per share for fiscal 2020. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Marathon Petroleum Corp. (MPC) Wednesday reported a sharp fall in fourth quarter net profit attributable to MPC to $443 million, or $0.68 per share from $951 million, or $1.35 per share last year. Non controlling interests for the quarter was a loss of $201 million, while it recorded a profit of $224... Swiss drug major Novartis AG reported Wednesday that its fourth-quarter net profit declined, while operating income climbed on strong sales growth. Looking ahead, for fiscal 2020, the company expects net sales to grow mid to high-single digit and core operating income to grow high-single to low double digit, both in constant currency. Starbucks on Tuesday said it has closed more than half of its stores in China temporarily due to the worsening coronavirus outbreak that claimed around 132 lives in the country. The coffee giant is also monitoring and modifying the operating hours of all of its stores in the region.The closed store count would be more than 2000 as Starbucks operates almost 4,300 outlets in China.
Follow RTT
>