FY25 consensus $4.78. Raises FY25 identical sales without fuel view to 2.7%-3.4% from 2.25%-3.25%. Comments from CFO David Kennerley: “Kroger’s (KR) second quarter results reflect continued momentum in our business. Sales growth has been strong, led by pharmacy, eCommerce and Fresh, and we are encouraged by the improvement in grocery volumes. As a result, we are raising our identical sales without fuel guidance to a new range of 2.7% to 3.4%. We are also raising the lower end of our adjusted FIFO net operating profit and net earnings per diluted share guidance, to new ranges of $4.8 to $4.9 billion and $4.70 to $4.80, respectively.”
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