Kroger (NYSE:KR) reported its Q1 earnings results on Thursday, June 16, 2022 at 09:00 AM.
Here's what investors need to know about the announcement.
Earnings
Kroger beat estimated earnings by 11.54%, reporting an EPS of $1.45 versus an estimate of $1.3.
Revenue was up $3.30 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17 which was followed by a 6.97% increase in the share price the next day.
Here's a look at Kroger's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.74 | 0.66 | 0.64 | 1.01 |
| EPS Actual | 0.91 | 0.78 | 0.80 | 1.19 |
| Revenue Estimate | 32.86B | 31.23B | 30.68B | 39.78B |
| Revenue Actual | 33.05B | 31.86B | 31.68B | 41.30B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Kroger management provided guidance for FY 2022, expecting earnings between $3.85 and $3.95 per share.
To track all earnings releases for Kroger visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
