Categories AlphaGraphs, Consumer, Earnings

KR Earnings: Kroger Q1 sales and profit top expectations

Grocery chain The Kroger Co. (NYSE: KR) reported a decline in adjusted profit for the first quarter of 2024, despite a modest increase in net sales. The results exceeded Wall Street’s projections.

Kroger Q1 2024 earnings infographic

The Cincinnati-headquartered company reported net sales of $45.27 billion for the April quarter, compared to $45.17 billion for the same period last year. Identical sales, without fuel, increased by 0.5%. The top line came in above analysts’ estimates.

Net income, excluding special items, decreased to $1.43 per share in the first quarter from $1.51 per share in the year-ago quarter. On an unadjusted basis, net earnings were $947 million or $1.29 per share in Q1, compared to $962 million or $1.32 per share last year.

Prior Performance

  • Kroger Q4 2023 earnings infographic

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Earnings Infographic: IBM Q2 2024 earnings and revenue beat estimates

International Business Machines Corporation (NYSE: IBM) reported stronger-than-expected earnings and revenues for the second quarter of 2024. Second-quarter revenues came in at $15.77 billion, compared to $15.48 billion in the

Earnings Preview: AMD likely to report higher revenues and earnings for Q2

In recent years, semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) constantly strengthened its portfolio through new products and acquisitions. Currently, it is focused on integrating artificial intelligence technology into

Lamb Weston (LW) expects its challenges to persist into fiscal year 2025

Shares of Lamb Weston Holdings, Inc. (NYSE: LW) plummeted on Wednesday after the company delivered disappointing results for the fourth quarter of 2024 and issued a bleak outlook for fiscal

Add Comment
Viewing Highlight