Retail

Kroger Sprints Past Estimates, Guides Higher Too

200464179-001
Source: Thinkstock
The Kroger Co. (NYSE: KR) reported fourth-quarter and full-year 2012 results before markets opened this morning.

The grocery chain reported quarterly adjusted diluted earnings per share (EPS) of $0.88 on revenues of $24.15 billion. In the same period a year ago, Kroger reported EPS of $0.63 on revenue of $21.41 billion. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.70 and $24 billion in revenue.

For the full year, Kroger reported EPS of $2.63 on revenues of $96.75 billion. The consensus estimate called for EPS of $2.46 on revenues of $96.37 billion.

Backing out income for the extra week in the quarter, Kroger’s quarterly diluted EPS totaled $0.77 and full-year EPS totaled $2.52.

The company’s CEO said:

Kroger’s unique value offering of better service, great products and an enjoyable shopping experience with low prices continues to resonate with a full range of customers. The result is an industry-leading 37 consecutive quarters of positive identical sales growth.

The company guided 2013 diluted EPS at $2.71 to $2.79. The EPS estimate is higher than the consensus estimate of $2.64. Kroger also expects same-store sales growth in the range of 2.5% to 3.5%.

Kroger’s shares are up more than 25% in the past 12 months, compared with a share price rise of around 14% for Safeway Inc. (NYSE: SWY) and share price decline of about 36% at Supervalu Inc. (NYSE: SVU).

Kroger’s shares were up nearly 3% in the first few minutes of trading this morning, at $30.25, a new 52-week high. The prior 52-week range was $20.98 to $29.76. Thomson Reuters had a consensus analyst price target of around $28.30 before today’s results were announced.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.