The Kroger Co. (NYSE:KR) reported second quarter 2020 earnings results today.
Total company sales were $30.5 billion compared to $28.2 billion for the same period last year. Excluding fuel, sales grew 13.9%. Digital sales grew 127%.
Net earnings attributable to Kroger was $819 million, or $1.03 per share, compared to $297 million, or $0.37 per share, in the year-ago period. Adjusted EPS increased 66% to $0.73.
Kroger updated its guidance for full-year 2020. Due to the prevailing uncertainty, the company is providing a wider guidance range. Total identical sales, excluding fuel, is expected to exceed 13%. Adjusted EPS is expected to grow around 45-50% to $3.20-3.30.
Past Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and