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Based on its strong YTD results, $KR raised its diluted EPS guidance range to $1.92-1.98 for FY15 from previous of $1.90-1.95; this exceeds its long-term diluted EPS growth rate guidance of 8-11%, plus a growing dividend. $KR also raised its same-store sales growth guidance, excluding fuel, to a range of 4-5% for FY15 from its earlier range of 3.5-
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."