Kroger Co. Q1 Profit Beats Estimates; Raises Low End Of 2018 EPS Guidance
The Kroger Co. (KR) reported adjusted net earnings of $626 million, or $0.73 per share, in the first quarter of 2018, compared to $546 million, or $0.58 per share, previous year. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items. The company reported net earnings of $2.0 billion, or $2.37 per share (including convenience store sale gain), in the first quarter of 2018 compared to $303 million, or $0.32 per share, prior year.
Source: RTTNews