Categories AlphaGraphs, Earnings, Retail

Earnings: Kroger’s (KR) Q4 earnings beat estimates; revenues up 6%

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.

Kroger Q4 2023 earnings infographic

The chompany 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%. The top line came in line with analysts’ estimates.

Net income, excluding special items, increased to $1.34 per share in the fourth quarter from $0.99 per share in the year-ago quarter. On an unadjusted basis, net earnings were $736 million or $1.01 per share in Q4, compared to $450 million or $0.62 per share last year.

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