Kroger Beats Q2 Earnings Estimates, Updates FY24 Identical Sales View
Kroger(KR) ZACKS·2024-09-13 00:30
The Kroger Co. (KR) reported second-quarter fiscal 2024 results, with sales falling short of the Zacks Consensus Estimate and earnings beating the same. Although revenues grew year over year, earnings declined compared to the same period last year. Decent sales performance in the first two quarters gave management confidence to lift the lower end of the full-year identical sales without fuel view by 50 basis points.Kroger's well-defined customer segmentation strategy, emphasis on value and focus on its 'Our ...