Kroger Q3 adjusted EPS $0.88 beats; raises full-year adjusted EPS guidance to $4.05-$4.15

KROGER CO

2022-Q3 EPS reported $2.44 revenue$113,436,000,000

EPS of $0.55 GAAP, adjusted EPS $0.88 (up from $0.78 YoY); identical sales ex-fuel +6.9%.
Total sales $34.2B, up 7.2% from $31.9B; operating profit $841M, adjusted FIFO operating profit $1,094M.
Raises FY2022 guidance: identical sales ex-fuel 5.1%-5.3%; adjusted EPS $4.05-$4.15.
Digital sales grew 10%; Our Brands sales +10.4%; delivery sales +34%.
Net total debt to adjusted EBITDA ratio 1.61, well below target of 2.30-2.50.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KROGER CO reported third quarter 2022 results: revenue $34.2 billion, EPS $0.55. Guidance raised.

Period: third quarter 2022
Revenue: $34.2 billion
EPS: $0.55
Guidance: raised
Result: reported results

Exact text from the filing

7) $ 1,094 $ 974 FIFO Gross Margin Rate* Decreased 5 basis points OG&A Rate* Decreased 3 basis points *without fuel and adjustment items, if applicable Total company sales were $34.2 billion in the third quarter, compared to $31.9 billion for the same period last year. Excluding fuel, sales increased 6.4% compared to the same period last year. Gross margin was 21.4%

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Source: SEC EDGAR

accession 0001104659-22-123457

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