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BRIEF-Kroger reports Q2 earnings per share of $0.39
September 8, 2017 / 12:29 PM / 2 months ago

BRIEF-Kroger reports Q2 earnings per share of $0.39

Sept 8 (Reuters) - Kroger Co:

* Kroger reports second quarter results

* Q2 sales $27.6 billion versus I/B/E/S view $27.49 billion

* Q2 earnings per share view $0.39 -- Thomson Reuters I/B/E/S

* Q2 adjusted earnings per share $0.39 excluding items

* ‍Confirms 2017 EPS guidance​

* ‍Kroger confirms 2017 net earnings guidance for 53 weeks of $1.74-$1.79 per diluted share​

* ‍Identical supermarket sales growth, without fuel, of 0.7% in Q2 of 2017​

* Q2 earnings per share $0.39

* ‍Kroger confirms adjusted net earnings guidance range of $2.00 to $2.05 per diluted share for 2017​

* ‍Expects second-half 2017 ID sales of 0.5% to 1.0%​

* ‍Kroger expects identical supermarket sales growth, excluding fuel, of 0.5% to 1.0% for remainder of fiscal year​

* ‍Company’s LIFO expectation remains unchanged at $80 million for 2017​

* ‍Kroger’s 2017 guidance does not include any effect from hurricanes Harvey and Irma​

* “Believe we have ability to grow identical supermarket sales and market share in 2018”​

* ‍Expects capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in $3.0 to $3.3 billion range for 2017​

* FY earnings per share view $1.98 -- Thomson Reuters I/B/E/S

* “‍Will no longer provide longer-term guidance”​

* ‍Kroger recorded an $18 million lifo charge in Q2 of 2017​

* ‍Has reduced its 2017 and 2018 planned capital investments by a total of $600 million ​ Source text for Eikon: Further company coverage:

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