Categories AlphaGraphs, Earnings, Retail

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market’s expectations.

Kroger company Q3 2022 earnings infographic

Net earnings attributable to the company, on an adjusted basis, rose to $0.88 per share in the October quarter from $0.78 per share a year earlier, surpassing the consensus estimates. Unadjusted profit, meanwhile, dropped to $398 million or $0.55 per share from $483 million or $0.64 per share in the same period of last year.

The bottom-line growth, on an adjusted basis, was driven by a 7% increase in net sales to $34.2 billion. Analysts had predicted a slightly slower growth. The company also provided guidance for the full fiscal year.

Check this space to read management/analysts’ comments on Kroger’s Q3 2022 earnings

“Kroger achieved strong results in the third quarter as we continue to execute our Leading with Fresh and Accelerating with Digital strategy. Our associates are doing an outstanding job delivering a full, fresh, and friendly experience across our seamless store and digital ecosystem,” said Kroger’s CEO Rodney McMullen.

Prior Performance

  • Kroger-Q2-2022-Earnings-Infographic
  • Kroger Q1 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Viewing Highlight