Kroger Posts Beats on Q4 EPS
Kroger has reported its Q4 and 2012 results. For the quarter, sales were $24 billion, or 13% higher than the $21 billion of the same period the previous year. Attributable net swung to a profit of $462 million ($0.88 per diluted share), from Q4 2011's loss of $307 million ($0.54).
That top-line figure broadly met analyst expectations. The EPS number, on the other hand, trounced the average projection of $0.70.
For the full year, sales came in at $97 billion, which bettered the the 2011 tally of $90 billion. Net income totaled just under $1.5 billion ($2.77 per diluted share) for the year, which was more than double 2011's $602 million ($1.01).
Kroger also provided forward guidance for fiscal 2013. The company believes its annual sales growth will be 2.5%-3.5%, while diluted EPS should come in at $2.71-$2.79. Analysts had been projecting $2.64 for the latter.
The article Kroger Posts Beats on Q4 EPS originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Kroger. The Motley Fool has no position in Kroger. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.