Kroger (NYSE:KR) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kroger announced earnings per share of $1.22 on revenue of $41.55B. Analysts polled by anticipated EPS of $1.07 on revenue of $40.43B.
Kroger shares are up 13% from the beginning of the year , still down 10.87% from its 52 week high of $36.81 set on March 18. They are outperforming the S&P 500 which is down 3.63% year to date.
Kroger shares lost 0.94% in pre-market trade following the report.
Kroger follows other major Services sector earnings this month
Kroger's report follows an earnings beat by Alibaba ADR on May 22, who reported EPS of $9.2 on revenue of $114.31B, compared to forecasts EPS of $6.05 on revenue of $107.45B.
Costco had missed expectations on May 28 with second quarter EPS of $1.89 on revenue of $37.27B, compared to forecast for EPS of $1.93 on revenue of $37,081M.
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