Kroger (KR) shares surged Thursday after it better-than-expected adjusted profit for the second quarter.
The supermarket chain posted adjusted earnings per share (EPS) of $0.93, topping the $0.91 consensus estimate of analysts polled by Visible Alpha. Diluted EPS of $0.64 and revenue of $33.91 billion missed expectations.
Kroger affirmed most of its full-year outlook, while lifting the floor for its same-store sales growth projection, excluding fuel, to 0.75% from 0.25%. Chief Financial Officer (CFO) Todd Foley said the chain's "positive customer trends are driving sales momentum that we expect to continue in the second half of the year."
Kroger did not provide a substantial update to its progress in addressing regulatory concerns over its $24.6 billion merger with Albertsons (ACI). Chief Executive Officer (CEO) Rodney McMullen said the company is "confident in the facts and the strength of our position" as Kroger fights the Federal Trade Commission (FTC)'s attempts to halt the merger.
Kroger shares rose more than 6% to $54.80 in late-morning trading Thursday and are up about 20% this year.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。