Kroger reports Q2 sales, profit; eCommerce rises 20%
Kroger posted Q2 sales of $34.62B and GAAP net income of $641M, with adj. EPS of $1.09; it said eCommerce rose 20% as cost cuts helped ease price pressure.
Kroger Co. (NYSE:KR) reported Q2 sales of $34.62B and GAAP net income $641M with adj. EPS $1.09 as eCommerce rose 20% and cost cuts eased price pressure, yet inflation, pharmacy policy impacts and weak egg prices trimmed results even as the chain bought $1B stock and cut its same—store outlook.Prev…