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Kroger reports Q1 adjusted EPS $1.49, consensus $1.46

Reports Q1 revenue $45.118B, consensus $45.31B. Comments from Chairman and CEO Ron Sargent: “Kroger (KR) delivered solid first quarter results, with strong sales led by pharmacy, eCommerce and fresh. We made good progress in streamlining our priorities, enhancing customer focus, and running great stores to improve the shopping experience. Our commitment to driving growth in our core business and moving with speed positions us well for the future. We are confident in our ability to build on our momentum, deliver value for customers, invest in associates and generate attractive returns for shareholders.”

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