earnings
confidence high
sentiment neutral
materiality 0.70
Kroger Q1 EPS $1.29 ($1.43 adjusted); identical sales +0.5%; reaffirms FY2024 guidance
KROGER CO
2024-Q1 EPS reported
$1.29
revenue$45,269,000,000
- Identical sales without fuel +0.5%; total sales $45.3B, up 0.6% ex-fuel.
- Operating profit $1,294M; GAAP EPS $1.29; adjusted EPS $1.43 (vs $1.51 prior year).
- Adjusted FIFO operating profit $1,499M; FIFO gross margin rate -7 bps on price investments.
- Digital sales >8% growth; delivery +17%; increased digitally engaged households 9%.
- FY2024 guidance reaffirmed: adj. EPS $4.30-$4.50, adj. FIFO OP $4.6-$4.8B, identical sales 0.25%-1.75%.