Kroger (NYSE: KR ) reported earnings on June 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 19 (Q1), Kroger met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved.
Margins shrank across the board.
Kroger logged revenue of $29.06 billion. The 15 analysts polled by S&P Capital IQ expected to see revenue of $29.24 billion on the same basis. GAAP reported sales were 5.8% higher than the prior-year quarter's $27.46 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.78. The 20 earnings estimates compiled by S&P Capital IQ anticipated $0.73 per share. GAAP EPS of $0.78 for Q1 were 11% higher than the prior-year quarter's $0.70 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.9%, 140 basis points worse than the prior-year quarter. Operating margin was 2.8%, 20 basis points worse than the prior-year quarter. Net margin was 1.5%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $21.95 billion. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $96.47 billion. The average EPS estimate is $2.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 622 members out of 689 rating the stock outperform, and 67 members rating it underperform. Among 185 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give Kroger a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kroger is outperform, with an average price target of $26.05.
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