Kroger raises FY22 adjusted EPS view to $4.05-$4.15 from $3.95-$4.05

FY22 consensus $4.08. Raises FY22 identical sales growth without fuel to 5.1%-5.3% from 4.0%-4.5%. Comments from CFO Gary Millerchip: "Kroger’s focus on delivering value for customers and our disciplined approach to managing costs in an inflationary environment led to another quarter of strong results. Our consistent execution of our go-to-market strategy continues to build momentum in our business results and gives us the confidence to raise our full-year guidance. We now expect identical sales without fuel to be in the range of 5.1% to 5.3% and adjusted net earnings per diluted share to be in the range of $4.05 to $4.15. The resiliency of Kroger’s value creation model positions us well to navigate different operating environments, and as we look forward, we remain confident in our ability to deliver attractive and sustainable total shareholder returns for investors."