Categories Earnings, Retail

KR Earnings: All you need to know about Kroger Q2 2020 earnings results

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

Kroger (KR) betters Q4 2019 earnings and sales estimates

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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