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Kroger's strong execution resulted in identical sales above our internal expectations for the second quarter, and we continued to remove costs from the business Adjusted eps of $0.80 * operating. Identical sales excluding fuel in the 2021 second quarter fell 0.6% from a year ago, when kroger notched a 14.6% gain
However, the company noted that identical sales sans fuel were up 14% on a. Second quarter highlights * identical sales without fuel decreased 0.6% Excluding fuel, sales increased 1.3% compared to the same period last year
Kroger’s results show a 1.2% increase in identical sales excluding fuel, an operating profit of $815.
Excluding fuel, sales decreased 0.4 percent compared to the same period last year According to kroger ceo rodney mcmullen “our strategic focus on leading with fresh and accelerating with digital continues to build momentum across our business. The grocer also saw operating profit of $863 million and eps of $0.91.
Kr) reported second quarter 2021 earnings results today Total sales were $31.7 billion compared to $30.5 billion in the same period a year ago Identical sales without fuel decreased 0.6%. Identical sales without fuel increased 1.2%
Comments from chairman and ceo rodney mcmullen
“kroger achieved solid results in the second quarter demonstrating the strength and resiliency of our model. We note that gross margin contracted 140 basis points to 21.4%.
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