Kroger Expects 2020 Adjusted EPS $2.30-$2.40, Backs 2019 View
November 05 2019 - 8:53AM
Dow Jones News
By Michael Dabaie
Kroger Co. (KR) backed its 2019 guidance and set targets for
2020.
The retailer reiterated its 2019 adjusted earnings per share
forecast of $2.15 to $2.25. Kroger said it sees 2020 adjusted EPS
of $2.30 to $2.40.
Shares were up 3% premarket to $25.74.
Kroger also backed its 2019 identical sales growth forecast of
2% to 2.25%. The company said it sees 2020 identical sales growth,
excluding fuel, to be greater than 2.25%.
Kroger is targeting total shareholder return of between 8% and
11% beyond 2020.
The company said Tuesday its board approved a $1 billion share
repurchase program, replacing the existing authorization that has
about $546 million remaining.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 05, 2019 08:38 ET (13:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Kroger (NYSE:KR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kroger (NYSE:KR)
Historical Stock Chart
From Apr 2023 to Apr 2024
