Future

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<p class="has-drop-cap">The Kroger Co. (NYSE: KR) has delivered its financial results for the <a href="https://ir.kroger.com/files/doc_financials/2023/q4/FINAL-KR-Q4-2023-Earnings-Release-with-tables.pdf" target="_blank" aria-label="fourth quarter and the full year (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">fourth quarter and the full year</a> of 2023, providing insights into its operational success, strategic investments, and future outlook amidst a dynamic retail environment.</p>
<p>Kroger reported a slight dip in identical sales without fuel, marking a 0.8% decrease, which contrasts with an underlying increase of 0.1% when excluding the impact of the termination of a significant pharmacy agreement. <br><br>Despite this, the company showcased resilience with a reported operating profit of $1,194 million and earnings per share (<a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a>) of $1.01. Adjusted figures were even more robust, with an adjusted FIFO operating profit of $1,307 million and an adjusted EPS of $1.34, benefiting from an additional 53rd week.</p>
<h3 id="kroger-co-adjusted-eps-above-expectations-in-q4">Kroger Co. Adjusted EPS Above Expectations in Q4</h3>
<p>When compared to expectations, the company’s performance tells a tale of mixed results. The actual EPS of $1.01 fell short of the forecasted $1.13, underscoring the challenges faced during the quarter. However, the adjusted EPS of $1.34 surpassed expectations, highlighting Kroger’s ability to manage its finances effectively and benefit from strategic calendar adjustments. Furthermore, total company sales of $37.1 billion slightly exceeded the expected $37.02 billion, demonstrating Kroger’s continued capacity to generate revenue growth despite market challenges.</p>
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<h3 id="guidance-for-the-future">Guidance for the Future</h3>
<p>Looking forward, Kroger has set a cautiously optimistic tone for 2024. The company anticipates identical sales without fuel to range between 0.25% and 1.75%, with an adjusted FIFO operating profit between $4.6 billion and $4.8 billion. Additionally, Kroger projects an adjusted net earnings per diluted share in the range of $4.30 to $4.50, showcasing confidence in its strategic direction and operational efficiency. These guidance figures reflect Kroger’s focus on sustainable growth and operational excellence.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/kroger-co-kr-hits-1-34-adjusted-eps-in-q4-surpassing-expectations/">Kroger Co. (KR) Hits $1.34 Adjusted EPS in Q4, Surpassing Expectations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Kroger Co. (KR) Hits $1.34 Adjusted EPS in Q4, Surpassing Expectations

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