** charts before earnings **
** charts after earnings **
** 1 day later **
Kroger beats by $0.03, reports revs in-line with comps below guidance; guides FY17 EPS in-line :
- Reports Q4 (Jan) earnings of $0.57 per share, $0.03 better than the Capital IQ Consensus of $0.54; revenues rose 3.8% year/year to $26.16 bln vs the $26.28 bln Capital IQ Consensus. Total sales, excluding fuel, increased 6.5% in the fourth quarter over the same period last year. Excluding Roundy's, total sales without fuel increased 4.4% in the fourth quarter.
- Comps +3.9% ex-fuel and Roundy's vs. +4.0-4.5% guidance, +3.7% including Roundy's.
- Co issues in-line guidance for FY17, sees EPS of $2.19-2.28 vs. $2.24 Capital IQ Consensus; comps +2.5-3.5%.
- Where the company falls within the range will be primarily driven by actual fuel margins, which are expected to be at or slightly below the five-year average, with continued volatility. Kroger expects its core business in 2016 to grow in line with its long-term net earnings per diluted share growth rate of 8 -- 11%. Shareholder return will be further enhanced by a dividend which is expected to increase over time.
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