Sun, December 8, 2024
[ Sun, Dec 08th 2024 ]: AOL
Wall Street's 2025 outlook for stocks
Sat, December 7, 2024
[ Sat, Dec 07th 2024 ]: AOL
What is credit card churning?
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ]: businesstech.co.za
Absa feels the pain
[ Fri, Dec 06th 2024 ]: The Jamaica Observer
Business Social
[ Fri, Dec 06th 2024 ]: Winchester Star
Business briefcase
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ]: techUK
The Scottish Budget 2024
Wed, December 4, 2024

The Kroger Co (KR) Q3 2024 Earnings Call Highlights: Strong Digital Growth and Strategic ...


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. hlights-strong-digital-growth-and-strategic.html
  Print publication without navigation Published in Business and Finance on by Yahoo Finance
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source

  The Kroger Co (KR) reports robust digital sales and strategic advancements, despite facing macroeconomic pressures and reduced fuel profitability.

The article from Yahoo Finance discusses The Kroger Co.'s (KR) third-quarter earnings for 2024. Kroger reported earnings per share (EPS) of $0.95, surpassing the consensus estimate of $0.91, marking a 6.7% increase from the previous year's $0.88. Total sales reached $33.96 billion, slightly below the expected $34.11 billion but still up by 0.6% year-over-year. The company's identical sales, excluding fuel, grew by 0.4%, with a notable 1.6% increase in digital sales. Kroger also highlighted its focus on enhancing customer experience through investments in technology and store modernization, alongside maintaining competitive pricing. The company reaffirmed its full-year guidance, expecting identical sales without fuel to range from 0.6% to 1.0% and adjusted EPS to be between $4.50 and $4.60. Additionally, Kroger announced a 14% increase in its quarterly dividend to $0.29 per share, reflecting confidence in its financial health and future prospects.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/kroger-co-kr-q3-2024-070222333.html ]

Publication Contributing Sources