What changed
$KR Kroger posted Adj EPS of $1.09 vs $1.05 consensus, a +3.6% beat. GAAP EPS came in at $1.05. Revenue hit $34.6B, up 2.0% yoy. No guidance update in the data. THE WRAP: Kroger’s modest beat and steady 2% revenue growth keep the staples trade boring in a good way. No guidance change means no new signal for the sector — just a clean, in-line quarter to start the weekend.
Why it matters
$KR Kroger posted Adj EPS of $1.09 vs $1.05 consensus, a +3.6% beat. GAAP EPS came in at $1.05. Revenue hit $34.6B, up 2.0% yoy. No guidance update in the data. THE WRAP: Kroger’s modest beat and steady 2% revenue growth keep the staples trade boring in a good way. No guidance change means no new signal for the sector — just a clean, in-line quarter to start the weekend.