earnings
confidence high
sentiment neutral
materiality 0.85
Kroger reports Q4 adjusted EPS $1.34, FY2023 adjusted EPS $4.76; guides FY2024 EPS $4.30-$4.50
KROGER CO
2024-FY EPS reported
$2.96
revenue$150,039,000,000
- Q4 total sales $37.1B (incl $2.7B from 53rd wk); identical sales ex-fuel down 0.8% (underlying +0.1%).
- FY2023 adjusted EPS $4.76 (+8% YoY ex-53rd wk); Adjusted FIFO operating profit $5.0B.
- 2024 guidance: adj. EPS $4.30-$4.50, adj. FIFO op. profit $4.6-$4.8B, ID sales ex-fuel +0.25%-1.75%.
- Digital annual sales reached $12B; delivery sales up 24% YoY (ex-53rd wk); digitally engaged households +18%.
- Share repurchase paused for Albertsons merger; dividend expected to increase over time.