Kroger Q3 2023: Adj EPS $0.95 beats $0.88 prior year; updates FY23 guidance

KROGER CO

2023-Q3 EPS reported $1.95 revenue$112,975,000,000

GAAP EPS $0.88, adjusted EPS $0.95; revenue $34.0B, down 0.5% ex-fuel.
Identical sales ex-fuel -0.6% (underlying +1.0% adjusting for Express Scripts).
Updated FY23 guidance: adj EPS $4.50-$4.60 (raised low end), adj FIFO OP $4.9-$5.0B, identical sales 0.6%-1.0%.
Net total debt to adj EBITDA ratio 1.40, below target range; share repurchase paused for Albertsons merger.
Digital sales grew 11%, delivery sales up 20%; dividend expected to increase over time.

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 0.95

KROGER CO reported third quarter 2023 results: revenue $34.0 billion, EPS $0.88.

Period: third quarter 2023
Revenue: $34.0 billion
EPS: $0.88
Result: reported results

Exact text from the filing

fuel, and a negative effect on the OG&A Rate, excluding fuel and adjustment items. The overall net effect on operating profit was slightly positive. Total company sales were $34.0 billion in the third quarter, compared to $34.2 billion for the same period last year. Excluding fuel, sales decreased 0.5% compared to the same period last year. Gross margin was 22.0%

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

KROGER CO filing history →

Source: SEC EDGAR

accession 0001104659-23-122232

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.