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

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          🞛 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 ]