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.
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
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
Colgate-Palmolive (CL) Q3 2024 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its third quarter 2024 earnings results today. Net sales increased 2.4% year-over-year to $5 billion. Organic sales grew 6.8%. Net income attributable to Colgate-Palmolive Company was $737
Key takeaways from Southwest Airlines’ (LUV) Q3 2024 earnings report
Shares of Southwest Airlines Co. (NYSE: LUV) were down over 4% on Thursday. The stock has gained 4% over the past three months. The airline reported its earnings results for
HOG Earnings: A snapshot of Harley-Davidson’s Q3 2024 results
Motorcycle manufacturer Harley-Davidson (NYSE: HOG) Thursday reported a sharp fall in sales and net profit for the third quarter of 2024 amid weak demand. Consolidated net income declined to $119