Kroger (KR) Tops Q2 EPS by 5c, Sales Miss; Reaffirms Outlook
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Kroger Reports Second Quarter 2023 Results and Reaffirms Guidance
September 8, 2023 8:00 AM EDTSecond Quarter Highlights
Identical Sales without fuel increased 1.0% with underlying growth of 2.6%(1)Operating Loss of ($479) million; EPS of ($0.25)Includes a $1.4 billion charge ($1.54 loss per share) for nationwide opioid settlement frameworkAdjusted FIFO Operating Profit of $989 million; Adjusted EPS of $0.96Achieved 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... More