KRKREarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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KR earnings call: Despite a lower sales outlook, we are maintaining our full year guidance for adjusted FIFO operating profit of $5 billion to $5.2 billion and adjusted net earnings per diluted share of $5.10 to $5.30 We have many levers in our financial model, that provide us flexibility and allow us to deliver earnings growth despite top line pressure.克罗格公司 (KR) 电话会：尽管销售预期下调，我们仍维持全年调整后FIFO营业利润50亿至52亿美元，以及调整后摊薄每股净收益5.10至5.30美元的业绩指引。我们财务模型中的多项杠杆可提供灵活性，即便面临营收压力仍能实现收益增长。
Management remarks
Call period: 2026 Q2 · 2026-09-11
Guidance: David John Christopher Kennerley: Despite a lower sales outlook, we are maintaining our full year guidance for adjusted FIFO operating profit of $5 billion to $5.2 billion and adjusted net earnings per diluted share of $5.10 to $5.30 We have many levers in our financial model, that provide us flexibility and allow us to deliver earnings growth despite top line pressure.
Demand and orders: Gregory S. Foran: Private selection sales increased more than 14% during the quarter, driven by strong customer response to new products. Including more ready to heat and ready-to-eat meals.
Margins: David John Christopher Kennerley: Our FIFO gross margin rate, excluding rent, depreciation and amortization and fuel, increased 13 basis points versus the second quarter of last year.
Analyst Q&A
Analyst Leah Jordan asked: On the fuel margin, can you talk about what is baked into the guide for the back half versus the front half? Management David John Christopher Kennerley answered: When you think about total fuel profit, year over year, actually, it was not a huge tailwind for us. It was basically kind of I am gonna call it low single digit profit growth on the fuel business. As we built into our guidance for the balance of the year, we are expecting and we have baked into that fuel margins will be softer than H1, and that is what we have got in the outlook. Obviously, there is a huge amount of volatility in the fuel business. Which makes it difficult to call. But our expectation is softer than we are seeing in H1.
