What to Expect from Kroger’s Fiscal Q2 2019 Results



Kroger’s fiscal second-quarter results

The Kroger Company (KR), America’s largest supermarket, is scheduled to report its results for the fiscal second quarter of 2019, which ended in August, on September 13.

Wall Street has projected a 1.3% YoY (year-over-year) rise in the company’s sales to $27.96 billion. Its EPS are expected to have fallen 5.1% YoY to $0.37 during the quarter. The company hasn’t missed top or bottom line expectations for the past seven quarters.

Read about the company’s recent financial performance and its revenue drivers and profitability expectations for the fiscal second quarter of 2019 in Parts Two and Three of this series.

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About Kroger

With trailing-12-month sales of $124 billion, Kroger is America’s largest supermarket chain and 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 United States.

Kroger has a market cap of $25.29 billion as of September 10. The company is a component of the S&P 500 Index (SPY) and the S&P 500 Food & Staples Retail Index. It constitutes 3.6% of the Guggenheim S&P 500 Equal Weight Consumer Staples ETF (RHS) and 1.7% of the SPDR Consumer Staples Select Sector ETF (XLP).

The company has gained ~16% so far this year and is currently trading close to its 52-week high. Analysts, however, see a downside for Kroger stock from here.

Read Part Four to learn about Kroger’s recent stock market performance and its dividend policy. Move on to Part Five to learn about Wall Street’s views on the supermarket chain and its current valuations.


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