The Kroger Co. reported its third-quarter 2024 financial results on December 5, 2024, with identical sales without fuel increasing by 2.3%. Total sales marginally decreased to $33.634 billion from $33.957 billion in the prior year, primarily due to lower fuel sales and the sale of Kroger Specialty Pharmacy.
Net earnings attributable to Kroger Co. were $618 million, or $0.84 per diluted share, compared to $646 million, or $0.88 per diluted share, in the prior year. Adjusted earnings per share came in at $0.98, meeting analyst estimates.
Kroger narrowed its full-year adjusted operating profit and EPS guidance, reflecting ongoing macroeconomic uncertainty. The company highlighted strong performance in pharmacy and digital sales, with digital sales growing 11% and delivery sales up 18%.
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