Kroger (KR) Shares Fall Despite Beat and Raise Q1
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Kroger Reports First Quarter 2022 Results and Raises Full-Year Guidance
June 16, 2022 8:00 AM EDTFirst Quarter Highlights
Identical Sales without fuel increased 4.1%Operating Profit of $1,505 million; Adjusted FIFO Operating Profit of $1,601 millionEPS of $0.90; Adjusted EPS of $1.45Company is widening its competitive moats to deliver value for customersFresh Department identical sales increased 5.2%Our Brands identical sales increased 6.3%Digitally engaged households grew by more than half a million and digital coupon downloads increased 11%CINCINNATI, June 16, 2022 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today reported its first quarter 2022 results and will update investors on how Leading with Fresh... More
