Categories AlphaGraphs, Earnings, Retail

Kroger (KR) Q2 2023 Earnings: Key financials and quarterly highlights

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.

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

Key highlights from Carnival Corporation’s (CCL) Q3 2023 earnings results

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,

NKE Earnings: Here’s everything you need to know about Nike’s Q1 report

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

Key takeaways from Accenture’s (ACN) Q4 2023 earnings report

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

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top