Kroger (KR) shares down despite beating Q1 profit expectations
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Kroger Reports First Quarter 2023 Results and Reaffirms Full-Year Identical Sales Without Fuel and Adjusted EPS Guidance
June 15, 2023 7:59 AM EDTFirst Quarter HighlightsÂ
Identical Sales without fuel increased 3.5% with underlying growth of 5.0% (1)Operating Profit of $1,470 million; Adjusted FIFO Operating Profit of $1,669 millionEPS of $1.32; Adjusted EPS of $1.51Achieved strong Adjusted Free Cash Flow leading to a record low net total debt to adjusted EBITDA ratioExecuted its go-to-market strategy to deliver value for customersGrew digital sales 15%Increased customer households and... More