Kroger’s first-quarter preview
Kroger (KR) is slated to report its fiscal first-quarter[1. quarter ended May 26, 2018] results on June 21. Wall Street is looking for a 2.9% YoY (year-over-year) increase in the company’s sales to $37.3 billion. Its earnings per share are projected to increase 8.6% YoY to $0.63 during the quarter. The company hasn’t missed its top-line and bottom-line expectations in any of the last six quarters.
With trailing-12-month sales of $123.0 billion, Kroger is America’s largest supermarket chain and is one of the world’s largest grocery retailers, surpassed only by Walmart (WMT). The company operates ~2,800 retail stores under various banners throughout the US.
On June 14, Kroger’s market capitalization was ~$20.7 billion. The company is part of the S&P 500 Index and the S&P 500 Food & Staples Retail Index. It constitutes 3.4% of the Guggenheim S&P 500 Equal Weight Consumer Staples ETF (RHS) and 1.4% of the SPDR Consumer Staples Select Sector ETF (XLP).
What is the series all about?
In this series, we’ll preview Kroger’s fiscal first-quarter results. We’ll discuss the company’s recent financial performance, discuss the revenue drivers, and look ahead to its profitability for the coming quarter. We’ll see what Wall Street has to say about the company, evaluate its stock market performance, and look at its current valuation.