Kroger (KR) Tops Q4 EPS by 21c

Kroger (NYSE: KR) reported Q4 EPS of $1.34, $0.21 better than the analyst estimate of $1.13. Revenue for the quarter came in at $37.06 billion versus the consensus estimate of $37.02 billion.

GUIDANCE:

Kroger sees FY2024 EPS of $4.30-$4.50, versus the consensus of $4.28.

• Identical Sales without fuel of 0.25% – 1.75%
• Adjusted FIFO Operating Profit of $4.6 – $4.8 billion
• Adjusted net earnings per diluted share of $4.30 – $4.50
• Adjusted Free Cash Flow of $2.5 – $2.7 billion**
• Capital expenditures of $3.4 – $3.6 billion
• Adjusted effective tax rate of 23%***

For earnings history and earnings-related data on Kroger (KR) click here.

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