Kroger Co. Q2 Profit Increases, beats estimates

Kroger Co. (KR) reported a profit for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $731 million, or $1.00 per share. This compares with $467 million, or $0.61 per share, in last year's second quarter.

Excluding items, Kroger Co. reported adjusted earnings of $661 million or $0.90 per share for the period.

Analysts on average had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.3% to $34.64 billion from $31.68 billion last year.

Kroger Co. earnings at a glance (GAAP) :

-Earnings (Q2): $731 Mln. vs. $467 Mln. last year.
-EPS (Q2): $1.00 vs. $0.61 last year.
-Analyst Estimate: $0.83
-Revenue (Q2): $34.64 Bln vs. $31.68 Bln last year.

Full year EPS guidance: $3.95 to $4.05

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