Kroger Company (NYSE:KR) stock traded higher Friday after the grocer reported second-quarter results that topped Wall Street expectations.
Adjusted earnings were $1.09 per share, beating the $1.06 estimate.
Sales of $34.621 billion also topped the $34.580 billion estimate.
Identical sales excluding fuel rose 0.2%, with customer traffic increasing both in stores and online.
During the earnings call, Kroger said a Cyclospora outbreak reduced identical sales by about 35 basis points, mainly due to weaker produce sales. Lower pharmacy drug prices created another roughly 140-basis-point drag.
