“Kroger Beats Q2 Earnings Forecast, Stock Up 6%”
Source: Davit Kirakosyan
Kroger (NYSE:KR) reported strong second-quarter earnings, surpassing expectations and leading the grocery giant to raise the lower end of its full-year sales outlook. Following the announcement, the company’s stock surged over 6% intra-day today.
For the quarter, Kroger delivered adjusted earnings per share of $0.93, beating analysts’ predictions of $0.91. Although revenue came in slightly below the anticipated $34.08 billion at $33.91 billion, it marked a 1.3% increase year-over-year when excluding fuel sales.
Kroger’s identical sales without fuel rose 1.2% compared to the same quarter last year, fueled by an uptick in digital sales and customer traffic. The company reported an 11% boost in digital sales and a 14% increase in the number of e-commerce households.
In light of its performance, Kroger raised the lower end of its full-year identical sales guidance (excluding fuel) to a range of 0.75% to 1.75%. The company also reaffirmed its full-year 2025 earnings forecast, projecting between $4.30 and $4.50 per share, aligning with the Street estimate of $4.43 per share.