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Stock impact report

Kroger's net earnings decline to $947m in Q1 FY24 [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
year 2024 (FY24). $947m was recorded, down from $962m in the same quarter of the previous year. The retailer's net earnings attributable to Kroger per diluted common share for the quarter were $1.29, compared with $1.32 in Q1 FY23. In the quarter ending 25 May 2024, Kroger's total sales reached $45.26bn, a slight increase from $45.16bn in the same period of 2023. Excluding fuel, the company's sales saw a growth of 0.6% over the quarter. The retailer's digital sales segment experienced significant growth of 8% in Q1 FY24, with delivery and pickup services achieving double-digit expansion. Kroger's operating profit for the quarter stood at $1.29bn, a decrease from $1.47bn reported in Q1 FY23. Its gross margin was reported at 22.4% of sales, with the first-in-first-out gross margin rate, excluding fuel, experiencing a minor decline of seven basis points compared to that of the previous year. Kroger's operating, general and administrative rate saw an increase of 22 basis poi Show less Read more
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