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Kroger (KR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Kroger (KR - Free Report) reported $33.85 billion in revenue for the quarter ended July 2023, representing a year-over-year decline of 2.3%. EPS of $0.96 for the same period compares to $0.90 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $34.25 billion, representing a surprise of -1.16%. The company delivered an EPS surprise of +4.35%, with the consensus EPS estimate being $0.92.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kroger performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Identical Supermarket Sales (excluding fuel centers): 1% compared to the 1.42% average estimate based on five analysts.
Number of supermarkets/retail food stores: 2739 versus 2717.67 estimated by three analysts on average.
Total sales to retail customers without fuel: $29.64 billion versus the three-analyst average estimate of $29.78 billion. The reported number represents a year-over-year change of +1%.
Supermarket fuel sales: $3.95 billion versus the three-analyst average estimate of $4.38 billion. The reported number represents a year-over-year change of -21.9%.
Sales- Other sales: $256 million versus the three-analyst average estimate of $224.38 million. The reported number represents a year-over-year change of +14.3%.
Shares of Kroger have returned -2.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Kroger (KR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Kroger (KR - Free Report) reported $33.85 billion in revenue for the quarter ended July 2023, representing a year-over-year decline of 2.3%. EPS of $0.96 for the same period compares to $0.90 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $34.25 billion, representing a surprise of -1.16%. The company delivered an EPS surprise of +4.35%, with the consensus EPS estimate being $0.92.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kroger performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Identical Supermarket Sales (excluding fuel centers): 1% compared to the 1.42% average estimate based on five analysts.
- Number of supermarkets/retail food stores: 2739 versus 2717.67 estimated by three analysts on average.
- Total sales to retail customers without fuel: $29.64 billion versus the three-analyst average estimate of $29.78 billion. The reported number represents a year-over-year change of +1%.
- Supermarket fuel sales: $3.95 billion versus the three-analyst average estimate of $4.38 billion. The reported number represents a year-over-year change of -21.9%.
- Sales- Other sales: $256 million versus the three-analyst average estimate of $224.38 million. The reported number represents a year-over-year change of +14.3%.
View all Key Company Metrics for Kroger here>>>Shares of Kroger have returned -2.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.