Kroger Co.'s Q4 Earnings Report: Outperforming Projections with Strong Revenue Growth
Thursday, 7 March 2024, 13:08
Kroger Co. Q4 2023 Earnings Highlights
Department store chain The Kroger Co. (NYSE: KR) reported higher net sales and profit for the fourth quarter of 2023. Earnings beat estimates, while sales came in line with expectations.
Key Financial Figures:
- Total company reported net sales of $37.1 billion for the January quarter, compared to $34.8 billion for the same period last year.
- Identical sales, without fuel, decreased 0.8%.
- Net income, excluding special items, increased to $1.34 per share compared to $0.99 per share in the year-ago quarter.
- Unadjusted net earnings were $736 million or $1.01 per share in Q4, compared to $450 million or $0.62 per share last year.
(This story will be updated shortly with infographic)
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