200 plus years of Italian Tradition - Fratelli Beretta
CAPEACHIO’S: Simple Done Right
Kroger Q2 2015 Profits Beat Wall Street Estimates

Kroger Q2 2015 Profits Beat Wall Street Estimates


CINCINNATI, OH
Friday, September 11th, 2015

Kroger has released its Q2 2015 financial report, and after earnings rose well above Wall Street’s expectations for the company, shares jumped up nearly 7%.

Rodney McMullen, Chairman and CEO, Kroger

"We are pleased with our second quarter performance,” commented Kroger’s Chairman and CEO Rodney McMullen. “Our core food business continued its strong performance and we benefitted from fuel margins that expanded throughout the quarter. We continue to earn customer loyalty and gain market share.”

Second-quarter earnings reached up to 44 cents a share while analysts had only projected 40 cents on average, according to data compiled by Bloomberg. The company also adjusted its expected fiscal year earnings to as much as $1.98 a share, up from the previous forecast of $1.95. Total sales, excluding fuel, increased an impressive 5.7% over the same period last year.

Kroger

McMullen also commented on the recent decision to expand its business by hiring 20,000 new employees. "We are investing to grow our business for the future while delivering on our promises today,” he said. “For example, our stores are hiring to fill 20,000 new, permanent jobs and we are expanding our digital and e-commerce offerings. Our confidence in Kroger has never been stronger.” 

Other highlights from Kroger’s Q2 2015 financial report include:

  • Achieved 47th consecutive quarter of positive identical supermarket sales growth, excluding fuel
  • Total sales increased 0.9% to $25.5 billion in the second quarter
  • Reporting a $21 million LIFO charge during Q2 2015 compared to a $26 million Q2 2014
  • Total operating expenses excluding fuel decreased 35 basis points as a percent of sales
  • Return on invested capital on a rolling four quarters basis was 14.24%.

Stay tuned to DeliMarket News as we continue to follow Kroger’s financial performance in Q3 2015 and beyond.

Kroger


200 plus years of Italian Tradition - Fratelli BerettaCAPEACHIO’S: Simple Done Right

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The Kroger Co. spans many states with store formats that include grocery and multi-department stores, convenience stores and mall jewelry stores. We operate under nearly two dozen banners, all of...