Goldman Sachs Increases Estimates On Kroger

According to Goldman Sachs, Kroger Company KR is increasing its FY2011/FY2012/FY2013 estimates from $1.90/$2.06/$2.20 to $1.93/$2.09/$2.23 to partially flow through the $0.05 beat, as it remains concerned that escalating inflation in the back half of the year may prove too great to pass through. Goldman Sachs said that its new FY2011 estimate sits at the high end of management's revised range of $1.85-$1.95 and in line with Kroger's commentary that the company would achieve results near the top end of the range based on the current operating environment. Kroger Company closed yesterday at $23.99.