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Kroger: Can We Expect a Solid Quarter this Time?

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Kroger: Can We Expect a Solid Quarter this Time? PART 1 OF 5

Kroger Getting Ready to Report 2Q18 Results: What to Expect

Series snapshot

The Cincinnati-based Kroger (KR) is slated to report its second-quarter 2018 results at 10:00 AM EDT on September 8, 2017. Wall Street has projected a 17% YoY (year-over-year) decline in the company’s earnings to 39 cents per share. Total sales are expected to rise 3.5% YoY to $27.5 billion.

Kroger Getting Ready to Report 2Q18 Results: What to Expect

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The company reported in-line earnings and better-than-expected top-line growth during the first quarter of 2018.

About Kroger

With trailing-12-month sales of $117 billion, Kroger is America’s largest supermarket chain and second-largest grocery retailer, surpassed only by Walmart (WMT). The company operates 2,792 retail food stores, 311 fine jewelry stores, 782 convenience stores, and 220 retail health clinics in 35 US states and the District of Columbia.

Kroger has a market capitalization of $19.57 billion (as of August 29). It’s a component of the S&P 500 Index (SPX) and the S&P 500 Food & Staples Retail Index. It constitutes 3.4% of the Van Eck Retail ETF (RTH).

Valuations overview

Kroger is currently trading at a one-year forward price-to-earnings ratio of 10.8x, operating at the lower end of its 52-weeks PE range of 10.5x to 16.8x.

The company is cheaper than natural and organic food players Whole Foods Market (WFM) at 31.3x and Sprouts Farmers Market (SFM) at 20.2x as well as mass-merchandizers Walmart (WMT) at 17.5x and Costco (COST) at 24.5x.

What is this series all about?

This series is a preview of Kroger’s second-quarter results. In this series, we’ll discuss the company’s expected performance in the second quarter, recent financial performance, stock market returns and dividend policy, and Wall Street’s views.

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