The Kroger Co. (NYSE: KR) reported its second quarter 2023 earnings results today.
Total company sales dropped to $33.9 billion from $34.6 billion in the same period last year, missing consensus estimates of $34.1 billion. Identical sales, without fuel, increased 1%.
Net loss attributable to the Kroger Co. was $180 million, or $0.25 per share, compared to a net income of $731 million, or $1.00 per share, last year. Adjusted EPS amounted to $0.96, beating projections of $0.91.
The company’s earnings results include a $1.4 billion charge related to a nationwide opioid settlement framework.
For the full year of 2023, identical sales, ex-fuel, is expected to grow 1-2% while adjusted EPS is expected to range between $4.45-4.60.
The stock dropped over 2% in premarket hours on Friday following the announcement.
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.
Carnival Corporation & plc (NYSE: CCL) reported third quarter 2023 earnings results today. Revenues were $6.9 billion compared to $4.3 billion in the same period last year. On a GAAP basis,
Nike, Inc. (NYSE: NKE) on Thursday reported results for the first three months of fiscal 2024, reporting a modest rise in revenues. The sneaker giant reported net income of $1.45
Shares of Accenture plc (NYSE: ACN) were down 4% on Thursday after the company delivered mixed results for the fourth quarter of 2023 and provided full-year guidance that came below