Kroger: Overview of Fiscal Fourth Quarter Results

Kroger Reports Fourth-Quarter Earnings

Kroger Co., headquartered in Cincinnati, announced on Thursday that its net income for the fiscal fourth quarter reached $861 million.

The company reported earnings of $1.35 per share, while adjusted earnings—excluding certain one-time items—stood at $1.28 per share.

These adjusted earnings exceeded analysts’ expectations, as a consensus of eight analysts polled by Zacks Investment Research had anticipated $1.20 per share.

During the quarter, Kroger generated $34.73 billion in revenue, which was slightly below the $35.11 billion forecasted by seven Zacks analysts.

Looking ahead, Kroger projects its full-year earnings to fall between $5.10 and $5.30 per share.