Kroger (KR) reported 2Q19 earnings on September 12, and the results were not bad at all - certainly relative to what shareholders had become accustomed to seeing in the past two or three years.
Revenues of $28.2 billion lagged consensus by a bit, but comps finally looked decent. Meanwhile, margin improvement helped to drive a welcome, three-cent EPS beat.
Credit: Supermarket News
Solid second quarter
For the first time in the past five quarters (i.e. since I started taking shots at projecting quarter-by-quarter revenues), Kroger finally managed to match my identical sales expectations