The Kroger Co. (KR) lowered its 2017 GAAP net earnings guidance for 53 weeks to $1.74-$1.79 per share. Kroger's adjusted net earnings guidance range is $2.00 to $2.05 per share. This assumes an $80 million LIFO charge compared to the company's original estimate of $25 million. The previous adjusted net earnings guidance range was $2.21 to $2.25 per share. Kroger continues to expect identical supermarket sales growth, excluding fuel, of flat to 1% growth for 2017. Kroger said the company continues to expect capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in the $3.2 to $3.5 billion range for 2017.
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