Company Earnings UpdateKroger (KR) 3Q16: In-Line Quarter, 2017 EPS Growth Below Target Range Coresight Research December 5, 2016 Executive Summary Kroger reported 3Q16 EPS of $0.41, in line with the consensus estimate. Revenues were $26.6 billion, up 5.9% year over year, and above the $26.3 billion consensus estimate. Same-store sales ex fuel were up 0.1%, below the +0.5% consensus estimate, and driven by higher transaction sizes that were more than offset by softer customer traffic. Deflation was 1.5% in 3Q, up from 1.3% in 2Q. Kroger lowered the high end of its 2016 earnings guidance range, now expecting adjusted EPS of $2.10–$2.15 from $2.10–$2.20 previously. Kroger also expects EPS growth to be below the low end of its 8%–11% target range in 2017. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumer Sentiment Flatlines Ahead of Big Tariff Reveal; Plus, Mass Merchandisers and Wholesale Clubs in Focus: US Consumer Survey InsightsAnalyst Corner: Big Tech’s AI Application and Computing-Power Arms Race, with Charlie PoonHigher-Income Sentiment Declines; Holiday Shopping Lull Before a Promotional Surge: US Consumer Survey InsightsAnalyst Corner: Wayfair Turns a Profit for the First Time in Four Years—Four Drivers of Its Performance, with Madhav Pitaliya
