Categories AlphaGraphs, Consumer, Earnings

KR Earnings: Kroger Q3 2024 adjusted profit rises, meets estimates

The Kroger Co. (NYSE: KR) reported an increase in adjusted earnings for the third quarter of 2024, while the grocery chain’s sales declined modestly. Earnings came in line with Wall Street’s projections.

Kroger Q3 2024 earnings infographic

The Cincinnati-headquartered company reported net sales of $33.6 billion for the October quarter, compared to $34.0 billion last year. Identical sales, without fuel, increased by 2.3%.

Net income, excluding special items, increased to $0.98 per share in the third quarter from $0.95 in the prior-year quarter, matching estimates. On an unadjusted basis, net earnings were $618 million or $0.84 per share in Q3, compared to $646 million or $0.88 per share in Q3 2023.

Prior Performance

  • Kroger Q2 2024 earnings infographic
  • Kroger Q1 2024 earnings infographic
  • Kroger Q4 2023 earnings infographic

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