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The Kroger Co (KR) Q3 2024 Earnings Call Highlights: Strong Digital Growth and Strategic ...


Published on 2024-12-06 02:31:03 - Yahoo Finance
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  • The Kroger Co (KR) reports robust digital sales and strategic advancements, despite facing macroeconomic pressures and reduced fuel profitability.

The article from Yahoo Finance discusses The Kroger Co.'s (KR) third-quarter earnings for 2024. Kroger reported earnings per share (EPS) of $0.95, surpassing the consensus estimate of $0.91, marking a 6.7% increase from the previous year's $0.88. Total sales reached $33.96 billion, slightly below the expected $34.11 billion but still up by 0.6% year-over-year. The company's identical sales, excluding fuel, grew by 0.4%, with a notable 1.6% increase in digital sales. Kroger also highlighted its focus on enhancing customer experience through investments in technology and store modernization, alongside maintaining competitive pricing. The company reaffirmed its full-year guidance, expecting identical sales without fuel to range from 0.6% to 1.0% and adjusted EPS to be between $4.50 and $4.60. Additionally, Kroger announced a 14% increase in its quarterly dividend to $0.29 per share, reflecting confidence in its financial health and future prospects.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/kroger-co-kr-q3-2024-070222333.html ]